Tether Advisor: USDT will remain in the lead, disagreeing with VanEck’s prediction that “USDC will eventually replace USDT”

Tether advisor Gabor Gurbacs posted on X platform, "I particularly disagree with VanEck's team's prediction (VanEck predicts that USDC will eventually replace USDT because more institutions will show a preference for Circle stablecoins). I believe Tether will continue to lead and gain market share.

Firstly, stablecoins are mainly tools that focus on retail investors (individuals). This is a view I put forward before USDC appeared and USDT's market value was far below $100 million. Tether bets on retail investors, while Circle focuses on institutions.

Secondly, stablecoins mainly focus on emerging markets. In the United States and developed markets, stablecoins are hardly needed. Tether bets on emerging markets, while historically, Circle has always bet on developed markets.

Thirdly, in most places where stablecoins are used, due to the unclear regulatory environment in new technologies and financial innovation, and unstable political situation, US companies are no longer trusted. Tether is a non-US company, while Circle is a US company.

Fourthly, the distribution of the US dollar internationally is in line with the national interests of the United States, not just focusing on the United States. Tether is doing this work and is a large buyer of US Treasury bonds.

Tether has made the right bets/focus in the above four areas. This is why Tether continues to lead and will maintain this momentum. I also believe that over time, Tether will cooperate with more and more institutions worldwide."