The value of transactions conducted using the stablecoin USDC from Circle over the past year has exceeded that of USDT from Tether.
According to data from the analytics platform Artemis, USDC's transaction volume stands at $17.3 trillion, while USDT's is at $12.9 trillion.
However, in terms of market capitalization, USDT still leads with a value of $186 billion, compared to USDC's current value of $74.9 billion.
USDC remains the preferred choice on DeFi platforms, “where lending and trading occur automatically,” noted Artemis co-founder Anthony Yim. He added that USDT is primarily used “for everyday transactions, business operations, or as a store of value.”
The total transaction volume for stablecoins in 2025 has increased by 72% to $33 trillion.
In the fourth quarter of last year, the sector's turnover reached a record $11 trillion, up from $8.8 trillion in the previous period.
Analysts at Bloomberg Intelligence predict that the total volume of the stablecoin segment could reach $56 trillion by 2030.
In December, the CFTC launched a pilot program allowing the use of digital assets as collateral in derivatives markets under the GENIUS Act. Initially, Bitcoin, Ethereum, and USDC were included in the list of acceptable collateral assets.
Additionally, in December, Visa initiated transactions in USDC for banks in the United States.