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A growing divergence between USDT ($1.00 · Live) and USDC ($1.00 · Live) has sparked discussions about their distinct use cases, with USDT maintaining dominance in high-volume trading pairs and USDC gaining traction in regulated institutional products. This contrast reflects broader market fragmentation in stablecoin adoption. Simultaneously, a $1.9 trillion asset manager has faced backlash after launching a crypto basket ETF that underperformed expectations, prompting questions about institutional appetite for diversified crypto exposure. The rejection of such ETFs underscores lingering skepticism about regulatory hurdles and market volatility, even as some players experiment with new formats to capture investor interest.
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