Tether’s USAT stablecoin could be a ‘threat’ to Circle’s USDC for institutional dollars
Tether’s new stablecoin, USAT, could pose the first serious challenge to Circle’s (CRCL) USDC in the US market, analysts say — if it can win over institutions. Launched in partnership with federally chartered bank Anchorage Digital and Cantor Fitzgerald, USAT is Tether’s first attempt at a US-regulated dollar token aimed at institutional users. Tether’s flagship […]
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