Express
JPMorgan: USDC On-Chain Growth Surpasses USDT, Institutional Adoption and Regulatory Compliance Key
Summary: In breaking news, JPMorgan analysts have stated that Circle's USDC stablecoin has surpassed Tether's USDT in on-chain activity and market value growth. Since the beginning of this year, the market value of USDC has increased from around $43 billion to approximately $74 billion, a 72% rise, significantly higher than the 32% growth of USDT during ...
In breaking news, JPMorgan analysts have stated that Circle's USDC stablecoin has surpassed Tether's USDT in on-chain activity and market value growth.
Since the beginning of this year, the market value of USDC has increased from around $43 billion to approximately $74 billion, a 72% rise, significantly higher than the 32% growth of USDT during the same period. Analysts point out that the growth of USDC is attributed to a clearer regulatory framework, transparent reserve management, regular audits, and compliance advantages under the European MiCA regulations, while institutional adoption continues to rise. In contrast, USDT, which is not authorized under MiCA, has faced delisting in Europe, while USDC has facilitated on-chain settlements and merchant payments through integration with payment networks such as Visa, Mastercard, and Stripe. Additionally, the decentralized financial activities of USDC on blockchains like Solana and Base, as well as Circle's Cross-Chain Transfer Protocol (CCTP) supporting secure cross-chain transfers, have also contributed to its growth.
Tags:
Link: JPMorgan: USDC On-Chain Growth Surpasses USDT, Institutional Adoption and Regulatory Compliance Key [Copy]
