As of mid-December 2025, USDT continues to lead in market value and daily trading activity, making it a preferred choice for high-liquidity environments. On the other hand, USDC is gaining traction among institutional fund managers due to its transparency and audit-friendly nature, with documented reserves that align with policy-driven operations. Institutional fund managers are considering factors such as redemption reliability, control, and liquidity when choosing between these stablecoins. While USDT offers broader liquidity, USDC's transparency appeals to those prioritizing regulatory compliance. Current market sentiment, as indicated by the fear and greed index, shows a preference for USDT in environments demanding high liquidity.