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JPMorgan says Circle’s USDC outpaces Tether’s USDT in on-chain activity: CNBC Crypto World
On today’s episode of CNBC Crypto World, major cryptocurrencies trade lower after Fed Chair Jay Powell suggested the central bank may not cut interest rates again at its December meeting. Plus, JPMorgan analysts said in a note that Circle’s USDC stablecoin is outpacing Tether’s USDT in terms of on-chain activity. And, Steven McClurg, Canary Capital CEO, explains how the asset manager’s new spot crypto ETFs tied to Hedera and Litecoin are performing after launching in the U.S. this week.