$USDC

In the market in terms of capitalization. Despite Tether's dominance, USDC is carving out a niche for itself thanks to its transparency - with monthly audits by Deloitte confirming its 1:1 backing by the US dollar - and its regulatory compliance. Posts on X highlight its rapid growth and trust factor, compared to Tether's previous audits. USDC's market capitalization hovers around 56-57 billion dollars, with increasing adoption in DeFi and payments, although it faces challenges in closing the gap with Tether.