Mizuho says Circle’s USDC has surpassed USDT in adjusted year-to-date volume

According to Mizuho, adjusted trading volume so far this year places Circle’s USDC ahead of USDT, highlighting a shift in measured stablecoin activity.

USDT
USDC

Summary

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Terms & Concepts
  • USDC: A U.S. dollar-backed stablecoin issued by Circle, designed to maintain a one-to-one value with the dollar.
  • USDT: A U.S. dollar-backed stablecoin issued by Tether, widely used for trading and liquidity across crypto markets.
  • Stablecoin: A cryptocurrency designed to track a stable asset such as the U.S. dollar, commonly used for trading, payments, and moving funds on-chain.