USDC Overtakes Tether in Transaction Activity

[johnblockbuster]

For the first time since 2019, USD Coin has surpassed Tether in adjusted transaction volume, according to research from Mizuho.

USDC recorded about $2.2 trillion in adjusted transaction volume, compared with $1.3 trillion for USDT this year.

Despite the shift in activity, Tether still leads the stablecoin market with a $180B+ market cap.

[JanEmil]

Coinbase and base love fake volume. So big part just market making.

[tradelikepro]

digital dollars quietly taking over global finance while everyone’s arguing about memecoins