Summary
- Despite expectations for the U.S. GENIUS Act, an analysis has found that USDC’s market share is unchanged.
- Centora indicated that despite prospects for asset-backed stablecoins, USDC’s market share has remained flat for several weeks.
- USDC’s market share is reportedly still maintaining the 25% level.
Despite anticipation surrounding the U.S. stablecoin legislation, the GENIUS Act, an analysis has revealed that the market share of USD-backed stablecoin USDC remains stagnant.
On the 30th (local time), Centora (formerly IntoTheBlock) stated on X (formerly Twitter), "Despite optimism that the GENIUS Act could benefit asset-backed stablecoins like USDC, USDC’s market share has not changed for several weeks," and added, "It is still hovering around 25%."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
