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Paxos takes lead, Circle is competing, Gemini is losing
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Three regulated stablecoins by Paxos, Circle and Gemini are directly competing against each other. If circulating supply is taken as a metric of success, Paxos is taking an early lead, USD//Coin was trailing until recently and Gemini dollar has so far not been able to compete. In just the last four days, Paxos has doubled its circulating supply while USD//Coin remained stable.
