USDT No Longer Alone, USDC Expands Strongly As "one of the biggest gray rhinoceros in the crypto world", Tether received a subpoena from the U.S. Commodity Futures Trading Commission (CFTC) in 2017, and even though it suffered a trust crisis on October 15, 2018, in which "even empty positions were cut", USDT still survived by virtue of its attitude of being "too big to fail", and it even went crazy with an increase in its issuance in 2020 to further bind itself to the market. The market is further bound in depth.
Because of this, even for USDC, the most highly anticipated "challenger", the market had very little confidence before 2021.
Until 2021, everything began to change, USDC's growth is far more than that of all other stablecoins such as DAI, BUSD, UST, TUSD, PAX, etc., and even has the momentum of directly approaching USDT.
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Off-Chain Vote
For
0.1 MATIC33.3%
Against
0 MATIC0%
Abstain
0.2 MATIC66.7%
Timeline
Oct 10, 2023Proposal created
Oct 10, 2023Proposal vote started
Jul 11, 2024Proposal vote ended
Jul 11, 2024Proposal updated