Tether Asserts Stablecoin Dominance Over Circle's USDC Amid Major Crypto Hacks

Tether Asserts Stablecoin Dominance Over Circle's USDC Amid Major Crypto Hacks

Tether Asserts Stablecoin Dominance Over Circle's USDC Amid Major Crypto Hacks Price data byDecryptNewsDeFiTether Asserts Stablecoin Dominance Over Circle's USDC Amid Major Crypto HacksTether's USDT market cap hit an all-time high, with DeFi users appearing to favor the stablecoin over USDC as a refuge from industry fallout.By André BeganskiEdited by Andrew HaywardApr 21, 2026Apr 21, 20263 min readCircle's USDC and Tether's USDT stablecoins. Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Growth in USDT’s market cap has outpaced USDC’s since Drift Protocol was exploited for $285 million this month. If USDC holders begin off-ramping the stablecoin or move it to exchanges, Compass Point analysts foresee lower profits for both Circle and Coinbase. Nansen analyst Jake Kennis pos

Source: https://decrypt.co/365049/tether-stablecoin-dominance-over-circle-usdc-major-crypto-hacks