USDC captures 70% of stablecoin trading volume, overtakes Tether

Monthly stablecoin trading volume reached an all-time high of $1.8 trillion in February. Circle's USDC notably accounted for 70% of this total, or $1.2 trillion, significantly surpassing Tether (USDT), the largest stablecoin by market capitalization. Experts view the surge in supply of the regulation-compliant USDC, along with increased fund inflows to exchanges, as a strong signal of market recovery.