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Circle‘s USDC overtook Tether‘s USDT in adjusted YTD volume: Mizuho
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Why This Matters
Circle's USDC has surpassed Tether's USDT in adjusted year-to-date volume, according to Mizuho analysts, indicating a significant shift in stablecoin market share. This change could impact the broader crypto market as investors and users choose between stablecoins for everyday transactions. The development may reflect a growing preference for USDC over USDT, potentially influencing the price and market cap of both stablecoins.
Market Impact
The shift in stablecoin market share could lead to increased demand for USDC, potentially driving up its market cap and influencing the price of other stablecoins, including USDT. This may also have cross-market reflections, such as affecting the price of Bitcoin (BTC) and other cryptocurrencies that are often traded against stablecoins.
Sentiment
Neutral
AI Confidence
70%
Time Horizon
Medium Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Analysts at the investment company said the change was significant because the stablecoin “winner” will be the one people use for everyday transactions.
Original article published by
CoinTelegraph
on March 13, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.