Circle‘s USDC overtook Tether‘s USDT in adjusted YTD volume: Mizuho
Circle's USDC has surpassed Tether's USDT in adjusted year-to-date trading volume, according to a report by Mizuho. The shift indicates growing adoption and usage of USDC in the cryptocurrency market. Factors contributing to this increase include USDC's integration with various decentralized finance (DeFi) platforms and its backing by regulated financial institutions. Tether, while still a dominant player, is facing scrutiny over its reserves and transparency. This development highlights a potential shift in market dynamics among stablecoins.
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