Solana-based USD Coin (USDC) transaction volume surpassed that of USDT on the Tron blockchain, according to data from blockchain intelligence platform Artemis.
Data from the platform shows that Solana USDC transfer volume reached more than $60 billion on Jan. 1, while that of Tron USDT was around $34 billion.
Stablecoins Transfer Volume (Source: Artemis)
This continues a trend observed in December when Solana USDC’s monthly transfer volume was nearly that of Tron’s USDT. Per Artemis data, Solana USDC saw $24.58 billion in volume, while Tron’s USDT was $6.54 billion.
USDT and USDC are the top two largest stablecoins by market capitalization. These stablecoins account for nearly 90% of the industry supply and trading volume.
Circle’s CEO, Jeremy Allaire, expressed excitement at the milestone, noting that it was only the beginning of the year. Circle is USDC’s issuer.
“Incredible! What’s even more incredible is that it’s only Jan 2nd, imagine where we’ll be a year fr
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