USDT and USDC Record Nearly $200 Billion Daily On-Chain Value

Data shows the two largest stablecoins maintain substantial transaction volumes, reflecting strong usage across blockchain-based markets.

USDT
USDC

Summary

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Terms & Concepts
  • USDT (Tether): A major stablecoin pegged to the US dollar, widely used for trading and payments on blockchain networks.
  • USDC (USD Coin): A regulated US dollar-backed stablecoin issued by Circle, commonly used in crypto transactions and DeFi applications.
  • On-chain value: The total monetary value of cryptocurrency transactions recorded directly on a blockchain network, excluding off-chain or custodial transfers.