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USDC Handles More Transfer Volume Than USDT Despite Tether’s Larger Cash Position

The source says Circle’s USDC is moving more value across crypto markets, even as Tether continues to hold a larger cash position.

USDT
USDC

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Terms & Concepts
  • USDC: A U.S. dollar-pegged stablecoin issued by Circle, designed to maintain a steady value for payments, trading, and settlement on blockchain networks.
  • USDT: A U.S. dollar-pegged stablecoin issued by Tether, widely used across crypto exchanges for trading liquidity and transfers.
  • 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.