That's good for USDC because there's now so much trust to them just as how people trusting USDT. This isn't just real life adoption but this is also where people are also putting their money these days. We're on a bear market and everyone is starting to get some funds so that when they see the cryptos that they're waiting to buy becomes cheaper, that's the time they'll start buying. Also, I think that most of the holders that took profit last year, they've kept it in a stable coin which is one of it is USDC.
I'm likewise happy for USDC as they are stepping up to compete with USDT, this 80 trillion dollars transaction volume speaks a lot about the increasing trust that traders have on their stablecoin. People wants trust anywhere they are putting their hard earned money and USDC has proven that they are capable and can be trusted, it is the reason why they have been gaining grounds and stablecoin holders are migrating from USDT to their coin. If USDC continues to show flexibility I'm sure that they will gradually be in pair with USDT which have been the dominant stablecoins for as far as I can remember.
It's also just enough for where people are going, it's also what the others are using. But for me, this isn't about the competition. It could be for both of these stable coins. To us, this is option or choices where we are free to choose. While both are helpful, we need to have more of it because we know at some point that there were news about freezing of funds and that's because they're centralized despite having so much volume in transactions.
