JPMorgan Reports USDC Surpassing USDT in On-Chain Growth

The bank notes Circle’s stablecoin has seen faster blockchain activity expansion compared to Tether’s in recent periods.

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USDC

Summary

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Terms & Concepts
  • Stablecoin: A cryptocurrency designed to maintain a stable value by pegging it to a reserve asset like the US dollar.
  • USDC: USD Coin, a stablecoin issued by Circle, pegged to the US dollar and widely used for on-chain transactions.
  • USDT: Tether, a popular stablecoin pegged to the US dollar, used globally for crypto trading and transfers.