- USAT market capitalization rose to about $140 million in April, up about 540%% from a month earlier.
- Based on a Deloitte audit, USAT reserves increased to about $141.2 million in April from about $22.2 million in March.
- USAT’s market share remains limited compared with USDC, PYUSD and RLUSD, while regulatory compliance and reserve transparency are emerging as key competitive factors.
Forecast Trend Report by Period
Tether’s USAT, a regulatory-compliant stablecoin for the US market, is growing rapidly but still commands only a limited market share compared with rivals, CoinDesk reported on May 28. Investors are closely watching intensifying competition in the US stablecoin market.
USAT’s market capitalization rose to about $140 million in April, up about 540% from a month earlier, according to the report.
USAT reserves, based on a Deloitte audit, also climbed to about $141.2 million in April from about $22.2 million in March, the report said.
Even so, USAT remains significantly smaller than rival stablecoins such as Circle’s USDC, PayPal’s PYUSD and Ripple’s RLUSD, CoinDesk said.
In the US, debate over stablecoin regulation has recently coincided with broader competition as global fintech and financial firms expand into the market. Market participants are focused on whether regulatory compliance and reserve transparency will become key factors in the next phase of stablecoin competition.
