Circle’s USDC stablecoin has surpassed Tether in transaction volume, marking a significant shift in the stablecoin market. This development is based on new data released by Visa, highlighting USDC’s growing prominence in crypto transactions.
According to a report by CoinDesk, the data from Visa indicates that USDC is now leading the stablecoin volume race, demonstrating increased adoption and usage compared to Tether, which has long been the dominant stablecoin.
For Japanese investors and traders, this shift underscores the evolving dynamics within the crypto ecosystem, where USDC’s transparency and regulatory compliance may influence market preferences amid ongoing regulatory scrutiny in Japan and globally.