Circle Internet Financial’s stablecoin, USDC, has achieved a significant milestone in the stablecoin market. It has surpassed Tether’s USDT in transaction volume, as pointed out by Visa, a globally recognized digital payments tech company.
This data was made available through a collaboration with Allium Labs, which spearheaded the development of a unique stablecoin metric. Visa, a trusted name in the industry, has vouched for this metric’s accuracy, designed to provide a clear view of the stablecoin market dynamics, free from potential distortions caused by artificial inflationary practices or inorganic activities.
Here’s an overview of the data streamlined by Visa’s stablecoin-specific metric that underscores USDC’s monumental achievement.
USDC Reigns Supreme Despite Less Dominance In The Market
According to Visa’s data, Circle’s USDC has not only gained significant traction in the market since its inception in 2018, but has also made a global impact since the begin
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