USDC Beats USDT In Transaction Volume By Over 400% – Details
Summary
USDC surpassed Tether in transaction volume in April 2024, processing $456 billion compared to Tether's $89 billion. USDC's monthly transactions have been steadily surpassing Tether's since late 2023. Factors behind USDC's rise include regulatory scrutiny of Tether and its partnership with Visa. However, Tether still leads in market capitalization with $110 billion compared to USDC's $33 billion and has a larger user base. The battle between USDC and Tether continues, with regulatory changes and user preferences shaping the future of stablecoins.
