All specialized newspapers and magazines, forums, chats, reddit, twitter, etc. they are talking and commenting on the announcement of Circle to create its StableCoin (USDC); at the moment little news has been leaked except that at the launch USDC should exchange on Polinex (bought by Circle just a few months ago) as well as on OKEx, DigiFinex, CoinEx, KuCoin, Coinplug and XDAEX exchanges.
Many are saying that soon USDC will replace Tether and replace it soon.
https://www.coindesk.com/usd-coin-arrives-circles-crypto-stablecoin-is-now-trading/I do not see a way it is going to replace tether, because one way or the other the benefit will still be for the purpose of hedging of funds by investors and nothing else. This is not going to be the first stable coin after USDT as we have seen so many of them in the past and many more still popping up daily, so Circle coming up with their own USDC is only going to be backed by reserved assets at the end of it all, and would just be another option for those who want to trade and hedge their funds anytime they want to do so.