Circle Builds Financial Stack Around Arc Blockchain While Tether Maintains Dominance Over Digital Dollar
Circle, a stablecoin issuer and developer of the blockchain platform Arc, aims to build out crypto’s financial infrastructure with its four-layer stack. However, Tether's USDT continues to dominate as the most widely used digital dollar in the market. Circle reported $653 million in reserve income accounting for 94% of Q1 revenue.
Topics: blockchain infrastructure Circle crypto stablecoins Tether