Since the beginning of the year, users have processed around $2.2 trillion worth of transactions with USDC, compared to roughly $1.3 trillion for USDT. As a result, USDC now accounts for 64% of the combined transaction volume between the two leading stablecoins.
This milestone marks a significant shift: from 2019 through 2025, USDT held an undisputed lead. Now the balance of power is tilting toward USDC, a move that may reflect growing trust in Circle’s infrastructure and its alignment with regulatory standards.
In other words, this isn’t just about numbers - it could signal a broader change in how stability and reliability are perceived in the stablecoin market.