b2b-daily
Home | FinTech | Fintech Blockchain

Is USDC Surpassing USDT in the Stablecoin Market?

Avatar photo
by Daisy Brown
May 1, 2024
Image Credit: Unsplash
Is USDC Surpassing USDT in the Stablecoin Market?

For many years, Tether’s USDT has been the stablecoin of choice in the cryptocurrency market, enjoying a formidable market share. Emerging as the third-largest cryptocurrency by market capitalization, USDT was valued at $110.64 billion and commanded a 69% slice of the stablecoin market landscape. However, recent developments indicate that a substantial shift is underway. Circle’s USDC, once the underdog in comparison to USDT’s might, is witnessing a transaction volume on a brisk upward trajectory, signaling a potential change in the stablecoin hierarchy.

This shift isn’t a mere blip on the radar but represents a robust trend, as data since January reveals. According to a metric by Visa and Allium Labs, USDC’s transaction volume has surged to a groundbreaking $456 billion. Yes, you read that right—USDC is outpacing USDT, which logged a transaction volume of $89 billion over the same period. The new metric introduced by Visa aims to cut through the noise and discount activities that could artificially inflate numbers to provide a truer representation of the state of affairs in the stablecoin domain.

The Underlying Reasons for the Shift

Tether’s USDT has long reigned supreme in the stablecoin arena, boasting a whopping 69% market share and a colossal market cap of $110.64 billion, making it the third-largest cryptocurrency. Lately, however, a challenger has been making waves. Circle’s USDC is rapidly gaining ground with a notable surge in transaction volume that hints at a possible upset in the stablecoin balance of power.

Since January, USDC has clocked an impressive $456 billion in transactions, leapfrogging the $89 billion recorded by USDT, based on metrics provided by Visa and Allium Labs. This measurement method was crafted to more accurately reflect true market activity by filtering out potentially misleading data that could skew perceptions of stablecoin usage.

This significant uptick in USDC’s transaction volume could suggest a shift in user preference and has implications for the future hierarchy within the stablecoin market. The torch of the stablecoin giant may soon be passing, with USDC nipping at the heels of the long-standing frontrunner, USDT.

Blockchain TechnologyCryptoInformation Security

Explore more

How Did Zoom Use AI to Boost Customer Satisfaction to 80%?
March 5, 2026

When the world shifted to a screen-first existence, a simple video call became the lifeline of global commerce, education, and human connection, yet the massive surge in users nearly broke the engines of support that kept it running. While most tech giants watched their customer satisfaction scores plummet under the weight of unprecedented demand, Zoom executed a rare maneuver, lifting

How is Customer Experience Evolving in 2026?
March 5, 2026

Today, Customer Experience (CX) functions as the definitive business capability that dictates market perception, revenue sustainability, and long-term loyalty. Organizations are no longer evaluated solely on what they sell, but on how they make the customer feel throughout the entire lifecycle of their relationship. This fundamental shift has moved CX from the periphery of customer support to the very core

How HR Teams Can Combat Rising Recruitment Fraud
March 5, 2026

Modern job seekers are navigating a digital minefield where sophisticated imposters use the prestige of established brands to execute complex financial and identity theft schemes. As hiring surges become more frequent, these deceptive actors exploit the enthusiasm of candidates by offering flexible work and accelerated timelines that seem too good to be true. This phenomenon does not merely threaten individuals;

Trend Analysis: Skills-Based Hiring in Canada
March 5, 2026

The long-standing reliance on university degrees as a universal proxy for competence is rapidly losing its grip on the Canadian corporate landscape as organizations prioritize what people can actually do over where they studied. This shift signals the definitive end of the degree era, a period where formal credentials served as a convenient but often flawed filter for talent acquisition.

Is the Four-Year Degree Still the Key to Career Success?
March 5, 2026

The modern professional landscape is undergoing a profound transformation as the traditional four-year degree loses its status as the ultimate gatekeeper for white-collar employment. For the better part of a century, the degree functioned as a convenient screening mechanism for recruiters, signaling that a candidate possessed the discipline, baseline intelligence, and social capital necessary to succeed in a corporate environment.