Circle's USDC To Surpass Tether's USDT in October?


A month ago USDC crossed Tether’s USDT by the number of daily transactions on the Ethereum blockchain.

USDC remains the most-used stablecoin in the transferring volume aspect. As per Dune analytics, USDC holds a share of 52.5% on this front while USDT only has a share of 21.4%.

As per Arcane Research’s report on stablecoins, USDC could surpass the largest stablecoin by market cap sometime in October 2022.