While Circle faces significantly big competition from rival stablecoins issued by Tether (CRYPTO: USDT) and PayPal (CRYPTO: PYUSD), its recent developments like minting native (CRYPTO: USDC) coin, partner
FinTech company and issuer of USD Coin (CRYPTO: USDC), Circle introduced the native stablecoin liquidity access on the Layer-1 Blockchain NEAR (CRYPTO: NEAR) protocol ecosystem.