According to a survey of analysts, the second most popular stablecoin, USDC, has the potential to overtake the most popular stablecoin, Tether (USDT), in the coming years.
According to a survey by SiteFinder, most respondents claim that USDC benefits from its better regulatory status, which could allow the token to outperform its main competitor.
Tether is third with a market cap of $66.5 billion, while USDC is fourth with a market cap of $53.9 billion.
59% say now is the time to switch to USDC because it has a more favorable regulatory status than Tether. 78% think USDC will usurp Tether’s position as the market leading stablecoin. According to the report, 22 percent think this will happen by the end of the year. Another 22 percent estimate it could happen next year, and another 22 percent said it could happen in 2024.
Prominent expert Dimitrios Salampassis said he believes USDC is “safer, more transparent and more compliant with government regulations.”
Also, only 2% of Finder experts estimate that the Terra revival plan could succeed, and 80% said it would fail. Respondents claim that the value of LUNA, the main token of the new Terra network, will be worth $0.84 by the end of the year, and its value will decrease to $0.46 by 2030.
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