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USDC outperforms USDT? Key insights on Stablecoin market domination

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USDC captures 44% of the stablecoin market share, outperforming USDT. Coinbase users convert large amounts of USDC into fiat. Stablecoins have been gaining popularity in recent years, as they offer exposure to cryptocurrency without the volatility that is typically associated with it. While Tether (USDT) has long been the dominant stablecoin in terms of market […]

Coinbase users convert large amounts of USDC into fiat.have been gaining popularity in recent years, as they offer exposure to cryptocurrency without the volatility that is typically associated with it.

According to data provided by Dune Analytics, USDC’s market share grew considerably over the past year. Over time, it ended up outperforming other stablecoins and managed to attain the top spot.

 

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USDC outperforms USDT? Key insights on Stablecoin market dominationUSDC captures 44% of the stablecoin market share, outperforming USDT. Coinbase users convert large amounts of USDC into fiat. Stablecoins have been gaining popularity in recent years, as they offer exposure to cryptocurrency without the volatility that is typically associated with it. While Tether (USDT) has long been the dominant stablecoin in terms of market […]
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