USDC Surpasses USDT as Market Leader in Transaction Volume

Visa metrics revealed that USDC transaction volume reached $455.5 billion last week, surpassing USDT’s volume of $88.5 billion. This marks a departure from the previous trend where USDT, the largest stablecoin by capitalization, held the top position. The strong performance of USDC suggests a potential change in user sentiment. Notably, the platform started accepting USDC on three networks: Solana, Ethereum, and Polygon.

Consequently, through collaboration with various companies, the fund’s clients gained the ability to convert BUIDL into USDC on the secondary market.