⚔️ Battle of the Giants: Why USDC is Outpacing USDT in Transaction Volume
An intriguing anomaly is emerging in the stablecoin market. According to Artemis Analytics, USDC clocked a staggering $18.3 trillion in transaction volume over the past year, leaving the market leader USDT behind at $13.3 trillion.
How is this possible when USDT’s market cap ($187B) is nearly 2.5x larger than USDC’s ($75B)? 🤔
The answer lies in usage patterns:
🔹 USDC is the DeFi "Workhorse." The bulk of its volume isn't driven by people, but by smart contracts. Traders and protocols constantly shift liquidity between pools, generating massive turnover even with a smaller total supply.
🔹 USDT is the "Safe Haven" & Real-World Settlement. Tether dominates in P2P transfers, business payments, and as a store of value. CEO Paolo Ardoino points out that if you filter out DeFi noise and look only at direct user-to-user transfers, USDT commands a massive 70% market share.
The Bottom Line:
If you’re active in DeFi, USDC is your go-to tool. If you’re looking to store wealth or make a payment, USDT remains king.
Which stablecoin is the "main" one in your wallet? 👇
#USDC #USDT #Stablecoins #CryptoNews #DeFi $BTC
