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USD Coin (USDC) has surpassed Tether (USDT) in transaction volume, marking a significant shift in stablecoin market dynamics according to Visa's latest data.

The seemingly unshakeable reign of Tether (USDT) as the king of stablecoins faces a new challenger. Circle's USD Coin (USDC) has pulled off a surprise victory, recording a higher transaction volume than Tether in April 2024, according to on-chain analytics from payments giant Visa.

The volume of transactions of stablecoins, Tether (USDT), USD Coin (USDC) and DAI, has surpassed that of Visa in 2023.

Circle's stablecoin has overtaken USDT to become the market leader in transaction volume.

Visa Inc. data shows Circle's USD Coin outperformed the bellwether Tether (USDT) in transaction volume so far in 2024. Recent starts show that USDC's market share has grown steadily since early January. The stablecoin saw $456 billion in transactions over the last week, eclipsing Tether's $89 billion.

Over the years, Tether's USDT has dominated the industry as the preferred stablecoin among its pairs, trading as the third largest crypto after Bitcoin and Ethereum, with a market capitalization of $110.64 billion.

Transaction volume in the past 30 days for Tether, USDC, and DAI, has surpassed Visa's 2023 monthly average, according to Nansen.

Despite Circle's rising transaction count, Tether's USDT still accounts for over 68% of the entire stablecoin market.

Circle Internet Financial's stablecoin, USDC, has achieved a significant milestone in the stablecoin market. It has surpassed Tether's USDT in transaction volume, as pointed out by Visa, a globally recognized digital payments tech company.

Circle Internet Financial's stablecoin, USDC, now surpasses Tether's USDT in transaction volume. Recent data from payment giant – Visa, developed with Allium Labs, shows that USDC is leading in the competitive stablecoin market.

Circle's USDC stablecoin has overtaken Tether's USDT in transaction volume in 2024 based on Visa crypto payments data. The post Circle's USDC pulls ahead of Tether's USDT in transaction volume — Visa appeared first on Crypto Briefing.

In a groundbreaking move, Stripe, the billion-dollar fintech giant, is set to reenter the realm of cryptocurrency payments after a six-year hiatus. This time, the company aims to revolutionize digital transactions by embracing the stability of USDC stablecoin amidst a booming market for stablecoins.

Stablecoins defied the overall April market slump and surged 4.7%, led by USDT, but USDC stalled

Payment processing firm Stripe plans to roll out global USDC payments this summer, more than six years after the company ended Bitcoin (BTC) support. John Collison, Stripe's president and co-founder, announced the upcoming payments feature on Thursday.

Stripe, a major player in financial technology, has announced plans to reintroduce support for USD Coin (USDC) transactions, marking a significant return to the realm of cryptocurrency commerce.

The U.S. government's arguments on stablecoins in an unrelated criminal case could bolster Binance's position in its civil case with the SEC.

Payments company Stripe announces its return to crypto payments after a six-year hiatus, starting with support for USDC stablecoin.

Stripe reenters the crypto market, enabling stablecoin transactions for merchants.

TL;DR Stripe reintegrates crypto services after six years of inactivity, starting with USDC across multiple blockchains. The company aims to provide flexibility in payment methods and more openness to other providers. John Collison, its co-founder, highlighted the stability of stablecoins as a criterion for rejoining the crypto market.

After a pause in 2018 due to Bitcoin's volatility, Stripe announced its comeback with USDC. Why back now?

Stripe said that it would facilitate all of the USDC transactions through Ethereum, Solana, and the Polygon blockchain networks and immediately convert them into fiat.

Stripe is re-entering the cryptocurrency market with a new approach after pausing in 2018 due to Bitcoin's volatility. This Thursday, Stripe announced plans to allow customers to accept payments in cryptocurrency, starting with USDC stablecoins.

Stripe, the fintech giant, has decided to re-enter the cryptocurrency payment space after a six-year hiatus, starting with USDC stablecoins on the Solana, Ethereum, and Polygon blockchains.

Payments giant Stripe has announced its return to the cryptocurrency space.