Tether is reportedly closing in on USDC in BitPay transaction volumes, indicating a potential shift in stablecoin preferences by 2025.
Current Situation with Tether and USDC
Tether reportedly closing in on USDC’s lead on BitPay payment transactions, marking a potential shift in stablecoin usage for 2025. This development comes without official confirmations from Tether or BitPay, leaving industry watchers speculating.
Impact on Merchant Behavior
BitPay's dynamics, involving Tether's increased presence, could influence merchant and user behavior. While no official commentary exists, the potential implications for the stablecoin market are noteworthy given Tether's broad usage.
Historical Context of Tether in Trading
USDC has typically enjoyed higher on-chain legitimacy but Tether's recent strides echo previous shifts prompted by its exchange trading supremacy. Shifts in merchant stablecoin preference could herald broader market changes.
Tether's rise in transaction volumes may signal significant changes in stability and preferences within the stablecoin market, warranting careful observation of future trends and their implications.
