According to Mizuho Securities research, USDC's adjusted on-chain transaction volume year-to-date has exceeded USDT for the first time since 2019. USDC's transaction volume stands at approximately $2.2 trillion, while USDT is at $1.3 trillion, with USDC accounting for 64% of the adjusted transaction volume between the two. Analysts believe that transaction volume is a key metric for predicting long-term dominance, suggesting that sustained trading activity could narrow the significant market cap gap between USDC and USDT. Despite ongoing regulatory uncertainty surrounding stablecoins in the United States, Mizuho Securities has raised Circle's price target to $120, reflecting confidence in USDC's growth.

USDC-0.01%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes