USDC Surpasses Tether in Stablecoin Transfer Volume

[nihalsari]

Stablecoins hit a new milestone in February, with monthly transaction volume reaching a record $1.8 trillion, data from Allium shows. USDC led the charge, comprising 70% of all stablecoin transfers, surpassing USDt despite having less than half its market cap.

Analysts say USDC’s rising transfer volume highlights growing adoption and positions crypto markets for a potential recovery. Circle, USDC’s issuer, recently minted over $3 billion in March alone, showing strong demand and expanding liquidity on exchanges.

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USDC beating USDT in volume while having less than half the market cap wild