Santner, Maximilian; Taudes, Alfred - Wirtschaftsuniversität Wien / Forschungsinstitut für … - 2025
impacted market dynamics, consolidating the dominance of Tether (USDT) and Circle (USDC), which now control 90% of the global … highlights that while Circle has secured a strong regulatory position under MiCAR, in creasing competition from bank-led issuers …