Stablecoin Wars: USDT Dethrones USDC On Polygon As Gaming And NFTs Skyrocket

Tether (CRYPTO: USDT) has become the leading stablecoin on the Polygon (CRYPTO: MATIC) network in the first quarter (Q1) of 2023 with a $735 million market cap, surpassing USD Coin (CRYPTO: USDC). Polygon’s Q1 performance showcased consistent financial metrics, a stabilized DeFi ecosystem, and thriving NFT (non-fungible token) and gaming sectors, an analysis by cryptocurrency intelligence firm Messari revealed.