Analysts at Arcane Research have predicted continued growth in the capitalization of USDC from Circle and further decline in market share of USDT from Tether, the largest stablecoin available. We are confident that the segment leader will be replaced in October.

Researchers have long emphasized that USDT has an unrivaled first mover advantage in terms of market cap. However, in November 2021, the token’s market share among other “stable coins” fell below 50% for the first time.

In 2022, the decline in capitalization continued – the indicator fell from $ 78 billion to the current $ 66 billion.

“The 15.5% decrease in supply, cancel It is an indicator of 28.7%,” experts said.

On the other hand, the capitalization of USDT’s main competitor, USDC stablecoin, increased from $42.2 billion to $55 billion in 2022, corresponding to 70.4% year-on-year.

“Tether started 2022 with a 47.5% dominance index. USDC had a figure of 25.8%. After the first half of the year, the market shares of Tether and USDC were 43.8% and 36.3%, respectively.

Arcane Research predicts that at current growth rates, Circle’s stablecoin will outperform its main competitor in mid-October this year.

Analysts stressed that the current market is characterized by significant uncertainty and therefore the forecast cannot be considered accurate.

Recall that the USDC stablecoin is backed by the dollar and US Treasury bills.

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