U.S. digital-asset firm Circle positioned its USDC stablecoin as a compliance-ready alternative poised for growth under the GENIUS Act

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U.S. company Circle and its USDC $0.99997 have been waiting in the wings to seize market share from chief competitor Tether, and Circle intends to be inside what some expect to be a U.S. crypto surge post-regulation.

The largest stablecoin issuers are the El Salvador-based Tether and the US-based Circle, which saw its shares soar after a blockbuster initial public offering earlier this month. The two companies account for almost 90% of the worldwide stablecoin market.