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Circle faces its first major "threat" from Tether, with institutional funds at risk.

Circle faces its first major "threat" from Tether, with institutional funds at risk.

币界网币界网2026/01/27 22:38
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Reported by Bijie Network: The new US-regulated stablecoin USAT, jointly launched by Tether, Anchorage Digital, and Cantor Fitzgerald, is seen as a potential challenger to Circle's USDC in the US institutional client market. Analysts point out that USDC's market cap growth last year outpaced Tether's USDT ($186 billion), but USAT's institutional design and partnerships may shift the competitive landscape, which centers on regulatory compliance and trust.
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