USDC just overtook USDT in YTD transaction volume for the first time since 2019. ๐
Mizuho data shows:
โข USDC: $2.2 trillion** (64% market share)
โข USDT: **$1.3 trillion (36%)
Circle's price target raised from $100 to $120, with Mizuho noting: "Transaction volume data indicates which stablecoin people actually use."
Is this the beginning of a market share shift? ๐