USDC Adjusts Market Metrics to Strengthen Position Against Tether
PILLAR DIAGNOSTIC // WEEK 05
“The apparent conflict between USDC’s 24.2% and 29% market‐share figures is reconciled by treating the 24.2% as an earlier snapshot and the 29% as the most recent reading. We adopt the 29% figure—supported by higher stability and recency—and classify the overall risk posture as low, given consistent growth and dominance trends.”
Proposed action
Resolve the divergence by demoting claim 102883 (24.2% share) to historical context and elevating claim 102914 (29% share) as the current market‐share metric. Maintain a low risk posture for USDC’s market projection.
THE MECHANICS
What happened
Arc’s public testnet launched on October 28, 2025 and processed over 150 million transactions in its first 90 days, USDC topped regulated dollar stablecoins with 108% year-over-year circulation growth and $9.6 trillion in on-chain volume, and Ripple’s CEO expects the Clarity Act next month that could push XRP to $10 short-term.
THE MACHINE
Sources & records
USDT continues to dominate the stablecoin market at over 60% share while USDC is growing rapidly across chains but remains a distant second with roughly a quarter of circulation.
THE MAP
Context & constraints
Aave’s landmark governance proposal has passed, CTS remains purely a software provider without regulated financial or advisory services, and Visa is opening USDC settlement on its US network, eliminating any need to issue its own stablecoin.
THE MOOD
Framing & reaction
Investors perceive Circle’s shares as undervalued relative to its intrinsic value, reflecting cautious optimism.
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