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According to the publication, Tether's indicators have grown significantly over the same year. Now they reach almost 66% against 47% last year. The market capitalization of the USDC also fell to $29 billion. However, at Tether, it has risen, exceeding $83 billion. There was also a decline in indicators in the USD Binance. So, the share fell to a little more than 4%, when a year ago it was almost 12%.
Last month, USDC SEO Jerremy Allaire noted that the capitalization of stable coins is falling as a result of law enforcement actions against them. We are talking about tough measures of local regulators in the United States.
Experts also note the presence of a banking crisis. For example, the Circle company, which owns the USDC, had a $3.3 billion stake in the bankrupt SVB bank. this amount was about 8% of the total amount of the company's reserves, which provided a stable coin.
In addition to the above, it is worth noting that in March, stable coins also lost their binding to the dollar. They soon solved this problem.
