Tether $USDT surpassed by USD Coin $USDC on Ethereum, ASvanevik notices Tether USDC
Right now, according to Etherscan, there are 40,055,012,440.27955 USDC on Ethereum. Tether's ERC-20 version has a market cap of 39,828,710,009USDT and USDC are the two largest stablecoins: USDT's cap is equal to $78 billion while USDC's liabilities total $45 billion as of early Q1, 2022.
Binance USD is the third largest stablecoin with a $14 billion capitalization. Terra USD is the largest decentralized stablecoin with a $10 billion market cap.In 2021, USD Coin by Jeremy Allaire's Circle cemented its status as the fastest-growing stablecoin. It entered 2021 with a capitalization of about $4 billion.
Both of the largest stablecoins utilize different blockchain platforms to issue their assets. Besides Ethereum, U.S. Dollar Tether works on Tron, Omni, Liquid, Solana, Algorand, SLP and EOS. USD Coin has its tokens issued on Ethereum, Solana, Tron, Binance Smart Chain and Fantom. Solana became the first blockchain to witness USDC-over-USDT flippening.
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