History of Cryptocurrency Stability: USDC Chases USDT Dominance


The number of stablecoin reached a high value of $ 315 billion in the first quarter of 2026, an increase of almost $ 8 billion quarter by quarter, despite the decline of the cryptocurrency market.

But all this number hides a more interesting story: money USDC they get a share USDTThe gap is closing faster than many market participants expected.

Contributions jumped USDC increased by 220% from the end of 2023 to approximately $78 billion, led by the B2B accommodation, payment infrastructure, and software payment systems built by the two companies. Visa andLine.

On the other hand, I witnessed USDTwhich is still a major source of junk food, saw its market shrink; This is a difference defined by the platform CEX.IO It is one of the most popular stock market trends this quarter.

Key requirements:

  • Total stablecoin revenue reached $315 billion in Q1 2026, up ~$8 billion from the previous quarter.
  • Stablecoins made up 75% of cryptocurrency trading volume, the largest share ever recorded.
  • The volume of stablecoin transactions has exceeded $28 trillion, more than … Visa andMastercard Integration.
  • give a rose USDC By 220% from the end of 2023 to ~$78 billion, while the share of… USDT Driving style.
  • Sales turnover decreased by 16%, the biggest decrease in history, while bots (software for creating sales) drove about 76% of the sales volume.
  • The stablecoins that produce the yield now represent a fraction of $3.7 billion, which brings with it regulatory risks.

Stablecoins were also 75% of the total cryptocurrency trading volume in the first quarter, when the total volume is more than $28 trillion, a figure that always exceeds the network’s largest payment as Visa andMastercard Integration. Slow growth is true, but the need for water is not.

The rising USDC is a management issue, not a market segment

It’s a blast USDC It is not the result of random sampling by people, but it shows the data CEX.IO Systemic costs – such as corporate governance and financial management – are the drivers.

The speed of return of the transaction USDC About 90 times the amount of the transfer of $557, a profile that corresponds to frequent, small transactions rather than “whale” movements.

CEX.IO data for USDC
Source: CEX.IO Research

It was a company place Around Fast forward to possible US stablecoin regulations. As the debate continues over the “Clarity for Payments Stablecoins” Act and regulations change in Washington, regulatory issuers such as. Around The benefits of design in attracting financial institutions involved in compliance.

Researchers explained the change clearly: “This is not individual parenting, but program funding.” The number that determines this is the average conversion rate USDC $557, which seems small compared to the sales USDT high self-interest, but it points to a more stable organizational structure that shows many ways to achieve security.

If US laws are passed with laws that favor exporters that are analyzed and accounted for, then it is a winner USDC Structurally and permanently. If regulations fail, competitive advantage is reduced and restored USDT Its dominance is due to its strong financial depth.

USDT is still ahead… but moat competition is diminishing

They remain USDT The largest stablecoin in supply and a popular currency instrument in emerging markets and DeFi corridors Tron.

The focus is on the internet Tronwhere lower costs drive individual and cross-border transfer volumes, offer users who cannot compete with each other USDC Ethereum based and business oriented, at least for now.

However, the share fell USDT The first quarter coincided with the largest recorded drop in private remittances (by 16%), hitting one of the key areas of spending.

At the same time, bots are now generating about 76% of the total volume of stablecoins, meaning natural demand from people, which has been establishing the dominance of USDT In the small version of the top, it decreases.

CEX.IO stablecoin market statistics
Source: CEX.IO

He pointed CEX.IO This is evidence of “a very developed market, but perhaps not organic.”

The company’s response was limited Tether For quarterly storage guarantees and location size rather than product capabilities. These are legitimate defenses as long as they are kept in the network, but they may become weaker if corporate spending continues to shift toward fixed assets and deeper consolidation. USDC Programs in Western payment systems.

May reports will be for the company Around And the second report of the company Tether An important factor in assessing whether product diversity will increase. If you pass USDC The $90 billion barrier is fixed USDTThis quarter’s share change will not be a slow move, but rather a long-term new beginning.

A note History of Cryptocurrency Stability: USDC Chases USDT Dominance appeared for the first time Cryptonews Arabic.



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