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9 hours ago
- Business
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USDC by Circle Is the Second-Largest Stablecoin by Market Cap. Can It Ever Catch Up to Tether?
Key Points Tether, the top stablecoin in the world, has a market cap that is $100 billion larger than that of No. 2 USDC. For USDC to surpass Tether, it must strengthen its appeal to institutional investors, who already prize its transparency and regulatory compliance. USDC also needs to develop more consumer-facing use cases, such as online payments. 10 stocks we like better than USDC › Combined, Tether (CRYPTO: USDT) and USDC (CRYPTO: USDC) account for 90% of the total market cap of the stablecoin industry. According to the latest stablecoin research from The Motley Fool, Tether has a market cap of $158.9 billion, while USDC has a market cap of $62.6 billion. So can USDC ever close this $100 billion gap, or is Tether's first-mover advantage simply insurmountable? The answer might surprise you. There are three good reasons why USDC might soon surpass Tether as the most popular stablecoin in the world. 1. Global expansion Even though both Tether and USDC are pegged 1:1 to the dollar, there are several key differences. For example, Tether is domiciled in the Caribbean, while USDC is a U.S-based stablecoin. The issuer of the USDC stablecoin is New York-based Circle Internet Group (NYSE: CRCL), which became a publicly traded company on the New York Stock Exchange earlier this summer. This only enhances the perception that USDC is the stablecoin that America uses, while Tether is the stablecoin that the rest of the world uses. Tether currently towers over USDC in terms of market cap as it has 350 million users worldwide, and is very popular in emerging markets. For its part, Circle says that 70% of USDC usage is now coming from beyond U.S. borders. From my perspective, USDC still needs to expand its footprint internationally, and that means lining up foreign partners. In the U.S. market, USDC has already partnered with several financial institutions and fintech providers, including Coinbase Global (NASDAQ: COIN). Now, it needs to expand on those partnerships to grow its global footprint. 2. Growth with institutional investors USDC also has an opportunity to become the preferred stablecoin of large institutional investors. Interestingly, the passage of the Genius Act by Congress may have opened the door to that happening sooner than anyone expected. That's because the Genius Act is very clear about the backing of stablecoins by stablecoin issuers. At a minimum, a stablecoin must be backed 1:1 by cash and cash equivalents. The Genius Act expressly says that any other form of backing for stablecoins is unacceptable. And that's where things get interesting because Tether has been opaque in the past about the backing of its USDT stablecoin. In the past, for example, it has used cryptocurrency, gold, and even commercial paper as backing. According to the Genius Act, those are ineligible assets. Moreover, Tether has been much less forthcoming than Circle about showing proof of its reserves. Even before the passage of the Genius Act, there was concern that Tether might use its offshore location as a way to evade some of the more stringent reporting now required in the U.S. market. Even worse, there have allegedly been instances in the past when Tether apparently had "ghost reserves" that didn't actually exist. So here's my thinking: Big-time institutional investors in the U.S. that want to get involved with stablecoins are probably going to opt to use USDC, out of an abundance of caution. Historically, USDC has been considered more transparent and more compliant with U.S. regulatory frameworks than Tether. Granted, Tether is more liquid than USDC, and has less slippage on its dollar peg than USDC (which makes it very useful for high-frequency traders), but it also carries more regulatory risk. 3. New use cases for consumers and businesses Finally, USDC can steal a march on Tether by growing the number of possible use cases for consumers and consumer-facing businesses. For example, The Wall Street Journal recently reported that both Amazon (NASDAQ: AMZN) and Walmart (NYSE: WMT) are considering the launch of stablecoins as a payment option for consumers. If these consumers use stablecoins, Amazon and Walmart can cut down on their credit card processing fees, saving them money. So that seems like another way for Circle to grow faster than Tether: go all-in on stablecoins as an innovative new payment option, signing up as many partners as possible. In June, for example, Shopify (NASDAQ: SHOP) signed up as a USDC partner. Circle is also working with Coinbase to increase usage of USDC as a potential payment option at consumer-facing businesses. When will USDC pass Tether? A lot has to go right for USDC to pass Tether in terms of market cap. But, if all goes according to plan, this might actually happen soon if USDC doubles in size each year, while Tether continues to grow at a steady 10% rate. If this ultra-optimistic scenario plays out, then USDC might be able to narrow the $100 billion gap with Tether within the next 24 months. So, while there are a growing number of Circle naysayers out there, I'm not one of them. If you are looking to capture any potential upside from the rapid growth of the stablecoin market, you might think about adding some Circle to round off your portfolio. Should you buy stock in USDC right now? Before you buy stock in USDC, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and USDC wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $633,452!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,083,392!* Now, it's worth noting Stock Advisor's total average return is 1,046% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Dominic Basulto has positions in Amazon, Circle Internet Group, and USDC. The Motley Fool has positions in and recommends Amazon, Shopify, and Walmart. The Motley Fool recommends Coinbase Global. The Motley Fool has a disclosure policy. USDC by Circle Is the Second-Largest Stablecoin by Market Cap. Can It Ever Catch Up to Tether? was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
a day ago
- Business
- Yahoo
Comcast Stock Outlook: Is Wall Street Bullish or Bearish?
With a market cap of $122.6 billion, Comcast Corporation (CMCSA) is a global media and technology company. It operates across five key segments: Residential Connectivity & Platforms; Business Services Connectivity; Media; Studios; and Theme Parks, delivering broadband, wireless, entertainment, and immersive experiences worldwide. Shares of the Philadelphia, Pennsylvania-based company have underperformed the broader market over the past 52 weeks. CMCSA stock has decreased 19.3% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 16.6%. In addition, shares of Comcast are down 12.5% on a YTD basis, compared to SPX's 8.3% rise. More News from Barchart Here's What Happened the Last Time Novo Nordisk Stock Was This Oversold As SoFi Raises 2025 Guidance, Should You Buy, Sell, or Hold SOFI Stock Here? Earnings Will Be 'Worse Than Expected' for UnitedHealth. How Should You Play UNH Stock Here? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Moreover, the media giant stock has lagged behind the Communication Services Select Sector SPDR ETF Fund's (XLC) 25.4% gain over the past 52 weeks. Shares of Comcast rose 2.1% following its Q1 2025 results on Apr. 24. The company reported adjusted EPS of $1.09, beating the consensus estimate, and free cash flow surged to $5.42 billion. Despite a slight revenue decline to $29.9 billion, Comcast outperformed estimates, and strong performance from Peacock, with 41 million paid subscribers and 16% revenue growth, further supported investor confidence. For the current fiscal year, ending in December 2025, analysts expect CMCSA's EPS to decline marginally year-over-year to $4.31. However, the company's earnings surprise history is strong. It beat the consensus estimates in the last four quarters. Among the 31 analysts covering the stock, the consensus rating is a 'Moderate Buy.' That's based on 15 'Strong Buy' ratings, 14 'Holds,' and two 'Strong Sells.' On Jul. 25, Rosenblatt raised its price target on Comcast to $37 while maintaining a 'Neutral' rating, citing a Q2 preview that factors in Peacock's July 23 $3 price hike, strong upfronts, and new broadband pricing. As of writing, the stock is trading below the mean price target of $40.46. The Street-high price target of $58 implies a potential upside of 76.7% from the current price levels. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
3 days ago
- Business
- Yahoo
BNB Token Rallies to Record High as CEA Industries Raises $500M for Treasury Strategy
BNB, formerly known as Binance Coin and the native token of the BNB Chain, surged to a fresh all-time record early Monday, hitting $860. While it pared some of the gains during the U.S. session to trade around $840, it still has been the best-performing cryptocurrency over the past week in the top 10 by market capitalization (except stablecoins) with a 9% gain. It was also up nearly 3% through the past 24 hours, while most other large-cap altcoins ike ether (ETH), XRP (XRP) and Solana's SOL (SOL) gave up all their overnight advances. BNB's outperformance was bolstered by several companies announcing plans for creating crypto treasury strategies, the latest trend on Wall Street, with a focus on the BNB Chain. CEA Industries (VAPE), with the support of Yzi Labs, Binance co-founder Changpeng "CZ" Zhao's family office, is raising $500 million in a private round from from institutional investors, aiming to become the largest U.S.-listed BNB treasury company. The fundraising deal, unveiled earlier Monday, could be expanded to $1.2 billion. The stock rallied over 700% on the news. Nasdaq-listed biopharmaceutical firm Liminatus Pharma (LIMN) also announced Monday to form a subsidiary called "American BNB Strategy" with plans to invest as much as $500 million in BNB in the long-term. Before that, pharmaceutical company Windtree Therapeutics (WINT) last week announced an up to $700 million commitment for BNB acquisitions. Meanwhile, tech firm Nano Labs said on Monday it purchased 128,000 tokens, worth over $100 million, after announcing crypto treasury plans on Friday. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
BNB Token Rallies to Record High as CEA Industries Raises $500M for Treasury Strategy
BNB, formerly known as Binance Coin and the native token of the BNB Chain, surged to a fresh all-time record early Monday, hitting $860. While it pared some of the gains during the U.S. session to trade around $840, it still has been the best-performing cryptocurrency over the past week in the top 10 by market capitalization (except stablecoins) with a 9% gain. It was also up nearly 3% through the past 24 hours, while most other large-cap altcoins ike ether (ETH), XRP (XRP) and Solana's SOL (SOL) gave up all their overnight advances. BNB's outperformance was bolstered by several companies announcing plans for creating crypto treasury strategies, the latest trend on Wall Street, with a focus on the BNB Chain. CEA Industries (VAPE), with the support of Yzi Labs, Binance co-founder Changpeng "CZ" Zhao's family office, is raising $500 million in a private round from from institutional investors, aiming to become the largest U.S.-listed BNB treasury company. The fundraising deal, unveiled earlier Monday, could be expanded to $1.2 billion. The stock rallied over 700% on the news. Nasdaq-listed biopharmaceutical firm Liminatus Pharma (LIMN) also announced Monday to form a subsidiary called "American BNB Strategy" with plans to invest as much as $500 million in BNB in the long-term. Before that, pharmaceutical company Windtree Therapeutics (WINT) last week announced an up to $700 million commitment for BNB acquisitions. Meanwhile, tech firm Nano Labs said on Monday it purchased 128,000 tokens, worth over $100 million, after announcing crypto treasury plans on Friday. Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
Wall Street on Edge: Big Tech's $11 Trillion Earnings Could Ignite--or Derail--the Market Rally
Investors are staring down one of the most pivotal earnings stretches of the year. Four of the market's biggest playersMicrosoft (NASDAQ:MSFT), Meta (NASDAQ:META), Apple (NASDAQ:AAPL), and Amazon (NASDAQ:AMZN)are set to report results in the next two days, collectively representing $11.3 trillion in market cap. These companies, along with Nvidia (NVDA), Alphabet (NASDAQ:GOOG), and Tesla (NASDAQ:TSLA), make up the Magnificent Sevennames that now account for roughly 20% of the S&P 500. With the index sitting near record highs, expectations are running hot. But this time, it's not just about beating numbersit's about convincing investors the growth story still has legs. Warning! GuruFocus has detected 7 Warning Sign with MSFT. So far, corporate earnings have held up. About a third of S&P 500 (SPY) companies have reported, and roughly 82% have topped profit estimates, according to Bloomberg Intelligence. But those beats came after months of trimmed forecasts, especially in Big Tech, where estimates were pulled back following President Donald Trump's tariff announcements. Even with the revisions, the group is still expected to post 16% year-over-year profit growth in Q2, down from 19% in March. The broader index is pacing toward 4.5% growth, also a downgrade from earlier projections. That leaves little room for error. They're likely going to have to say that the rest of the year or the next quarter looks positive, said Ameriprise's Anthony Saglimbene. Investors may be forgiving on Q2but they'll want optimistic guidance to stay bullish. Under the hood, not all tech giants are riding the same wave. Meta, Microsoft, and Nvidia have been responsible for nearly half of the index's gains this year, driven largely by aggressive AI investments. Otherslike Apple and Teslahave struggled to keep pace. Alphabet's solid quarter last week gave a glimpse of what investors want: accelerating growth and clear AI momentum. But Tesla's weak EV outlook reminded the market how quickly sentiment can turn. Capital spending is also in focus. Microsoft, Alphabet, Meta, and Amazon are expected to spend $317 billion on AI infrastructure this year alone, rising to $350 billion by 2026. As JPMorgan's Gabriela Santos put it: At these levels, especially for large-cap tech, we need to see monetization rather than a promise of monetization. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
