USDC, the stablecoin issued by Circle, has achieved a notable milestone by surpassing Tether's USDT in transaction volume, as reported by Visa. This development marks a significant shift in the stablecoin market, highlighting the growing prominence of USDC as a preferred digital currency for transactions. Despite Tether's continued dominance with over 68% market share, the rise of USDC showcases its increasing popularity and adoption among users.
The data provided by Visa underscores the rising demand for USDC and its expanding presence in the cryptocurrency ecosystem. As a stablecoin pegged to the US dollar, USDC offers users a reliable and secure digital asset for conducting transactions and storing value. Its transparent backing and regulatory compliance have contributed to its appeal, leading to a surge in transaction volume that has now surpassed Tether's USDT.
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