Dominance of Tether and Circle is a net bad for stablecoins, says Bridge executive

Circle and Tether are going to make it harder for stablecoins to feel like money, said Ben O'Neill, head of money movement at Bridge.

Miami Beach — The stablecoin universe, dominated by Tether and Circle, hampers competition that could lead to better product-market fit for some important use cases, according to Ben O'Neill, Bridge’s head of money movement.

“I think it's a net bad for the growth of…