Circle’s prominent political influence in the United States grants it a notable edge over Tether. Additionally, regulatory advancements beyond American borders present obstacles for USDT while opening doors for USDC to expand its market presence. A prime illustration of this can be found in Kraken, a globally recognized cryptocurrency exchange, contemplating the exclusion of USDT from its European user base owing to apprehensions arising from the European Union’s MiCa regulations. Kraken’s decision has the potential to establish a precedent for other digital currency exchanges, thus potentially catalyzing substantial transformations within the stablecoin market.
