In 2026, USDC surpassed USDT in adjusted stablecoin transaction volume, handling about 70% of real economic activity despite USDT maintaining a larger market cap. This shift reflects a bifurcation in the stablecoin market: USDC dominates institutional settlement with bank and corporate adoption, while USDT remains strong in retail use, especially in emerging markets. Regulatory frameworks like Europe's MiCA and the U.S. GENIUS Act have reinforced this division by favoring compliant tokens like USDC for institutional use. The stablecoin market now operates as two distinct layers—settlement (USDC) and savings (USDT)—with future competition likely focusing on yield, distribution, and new consortium tokens challenging USDC's settlement role.
USDT holds the largest domestic trading share at 21.10% among 58 tracked tokens, highlighting its dominance in Korea's crypto market. STX exhibits the most significant domestic-to-global trading gap, with its domestic share 42.1 times higher than its...
Circle has minted about $3.5 billion worth of USDC stablecoins on the Solana blockchain in the past week, increasing liquidity and network activity. This move supports Circle's strategy to expand USDC availability across blockchains and contributes t...
