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CoinGecko: after Tether lost its dollar peg, leading to $8.5B+ in redemptions, Circle’s USDC stablecoin circulation rose by $3.4B and Binance USD is up $1.2B (Emily Nicolle/Bloomberg)

Emily Nicolle / Bloomberg:
CoinGecko: after Tether lost its dollar peg, leading to $8.5B+ in redemptions, Circle’s USDC stablecoin circulation rose by $3.4B and Binance USD is up $1.2B  —  Circle’s USD Coin is reaping the benefits as circulation of Tether, the world’s largest stablecoin and its closest rival, continues to decline in a wave of redemptions.