USDC Surpasses USDT, Leads with Record $15 Trillion Volume on Ethereum

Apr 29, 2024, 01:10 PM

Stablecoin transaction volumes on Ethereum are poised to hit a record $15 trillion, with significant activity surrounding USD Coin (USDC). USDC has recently surpassed Tether (USDT) in transaction volume, becoming the market leader. This shift is supported by recent large-scale token burns at the USDC Treasury, including the destruction of 94,939,325 USDC (95,062,747 USD), 111,078,182 USDC (111,060,354 USD), and an additional 50 million USDC.