The evolving nature of the crypto market has seen many top altcoins lose their status and share of their respective markets. Recently, USDC overtook USDT as the most used stablecoin. Still, these coins have been rated as some of the best cryptos to buy alongside Rebel Satoshi‘s new coin, $RECQ, which has been predicted to […]
The post USDC Surpasses USDT in 2024’s Transaction Volume; Rebel Satoshi Gives Investors an Excellent Look at 100x Profits appeared first on Coin Edition.
The evolving nature of the crypto market has seen many top altcoins lose their status and share of their respective markets. Recently, USDC overtook USDT as the most used stablecoin. Still, these coins have been rated as some of the best cryptos to buy alongside Rebel Satoshi‘s new coin, $RECQ, which has been predicted to surge by 100x. Let’s explore the latest from the experts.
USDT Becomes Largest Stablecoin by Transaction Volume –– VISA
Circle’s USD Coin has surpassed its largest competitor, Tether, in transaction volume this year, according to data from payment giant Visa and blockchain analytics platform Allium Labs. This milestone marks a significant shift in the stablecoin market, which has traditionally been dominated by USDT.
Visa metrics reveal that USDC transaction volume reached $455.5 billion last week, dwarfing USDT modest $88.5 billion during the same period. Since the beginning of 2024, USD Coin has accounted for about 50% of the total volume of transfers in the stablecoin market, a remarkable achievement considering USDT’s longstanding dominance as the largest stablecoin by market capitalization.
As Bloomberg reports, citing cryptocurrenc…
The post USDC Surpasses USDT in 2024’s Transaction Volume; Rebel Satoshi Gives Investors an Excellent Look at 100x Profits appeared first on Coin Edition.
