💵 Stablecoin backed by Circle, Coinbase draws most early demand
More than $127.4 million of the USD Coin ($USDC) stablecoin have been issued since its September debut, according to crypto data tracker Etherscan. Introduced the same month, Paxos Standard ($PAX) has garnered $108 million in funds, while Gemini Dollar ($GUSD) received nearly $13 million, according to Etherscan. These stablecoins are competing to dethrone Tether ($USDT) after the recent Tether controversies.
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