Good news: The market cap for USDC coin is rapidly approaching Tether’s market cap!

With all the current market misery on-going, I’d love to point out some fantastic news, that USDC coin is rapidly approaching crypto’s ‘least favorite stable coin’ Tether’s market cap, and vying to knock it from the #3 spot on coins by market capitalization!

Currently, Tether sits at a market cap of $68 billion at spot #3 and USDC coin sits at $55 billion at spot #4. So USDC coin is within roughly $13 billion away from unseating it!

With all the uncertainty and misery right now, the last thing we would need is a total Tether collapse, so it’s terrific to see USDC more widely utilized. Hopefully we can have a smooth fade away from Tether, rather than a “rip the bandaid” period that could be much more destructive to the crypto environment.

Just some good news for you in a sea of red ????

Edited: market cap difference