The host of the popular crypto channel Coin Bureau is predicting one US dollar-pegged stablecoin is poised to run the market.
Coin Bureau host Guy Turner tells his 2.2 million subscribers that Circle’s USD Coin (USDC), the second-largest stablecoin by market cap, is on its way to overtaking Tether’s USDT as the world’s dominant stablecoin.
“The growth of USDC’s supply over the past few years is further evidence that [USDC’s] strategy has been working. I also think that it’s inevitable that USDC will become the predominant stablecoin in the next two years. However, I can’t say that I’m completely happy about that.”
Turner warns viewers about his concerns with USDC’s issuer Circle, a centralized firm that he says answers to the traditional finance (TradFi) world