At current pace, 2023 will be the first year in crypto history that USDT will no longer be the largest stablecoin and considered the industry standard denominator. USDC has been on the increase in the past 10 months of bear market, while USDT has dropped from nearly 90B to 67B, with USDC increasing to 50B. While USDT has been shrouded in lawsuits, vagueness and questions about their transparency, USDC is widely considered as the better alternative. BUSD and USDC combined are now bigger than USDT, and hopefully soon they can be bigger than USDT separately!
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