Circle and Tether’s Reign Unlikely to be Challenged by Thousands of Stablecoin Rivals, Says Moody’s

Despite a constant influx of new projects vying for a piece of the stablecoin pie, Moody’s believes that major stablecoins like USDC and Tether are likely to maintain their dominance. The agency points to established networks and widespread integration as key to preserving this hegemony. Furthermore, Moody’s adds that increasing regulatory compliance and transparency provided by larger companies represent significant barriers to entry for newcomers. Consequently, it is improbable that we will soon witness the emergence of a vast number of competitors capable of seriously challenging Circle and Tether’s entrenched market position. The emphasis on regulation and transparency benefits major players, while smaller projects face considerable hurdles in gaining trust and achieving widespread adoption.