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USD Coin Overtakes Tether in On-Chain Activity

Regulatory shifts have fueled increased usage of USD Coin, according to CoinDesk Japan.

USDT
USDC

Summary

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Terms & Concepts
  • On-Chain Activity: Transactions and interactions recorded directly on a blockchain, reflecting actual usage of a cryptocurrency.
  • USD Coin (USDC): A regulated stablecoin pegged to the U.S. dollar, used for transactions and value transfer on blockchain networks.
  • Tether (USDT): A widely used stablecoin pegged to the U.S. dollar, facilitating liquidity and trading in crypto markets.