TechFlow News — Tether advisor Gabor Gurbacs posted on social media: "I strongly disagree with VanEck research team's prediction that USDC will eventually replace USDT due to greater institutional preference for Circle's stablecoin. I believe Tether will continue leading and gaining market share.
First, stablecoins are primarily a retail (individual)-focused tool. This is a view I've held since before USDC existed and when USDT's market cap was far below $100 million. Tether bet on retail; Circle focused on institutions.
Second, stablecoins mainly target emerging markets. In the U.S. and developed markets, there's almost no need for stablecoins. Tether bets on emerging markets, while historically Circle has focused on developed markets.
Third, in most places where stablecoins are used, unclear regulatory environments around new technologies and financial innovation, along with political instability, have eroded trust in U.S. companies. Tether is a non-U.S. company, whereas Circle is a U.S. company.
Fourth, distributing dollars globally serves broader U.S. national interests rather than being limited only to domestic concerns, and Tether is doing this work—acting as a major buyer of U.S. Treasuries.
Tether simply made the right bets/focus across these four areas. This is why Tether continues leading and will maintain this momentum. I also believe that over time, Tether will partner with more and more global institutions."
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