The stablecoin battle is heating up ā and this time, USDC appears to be losing ground. According to recent data from BitPay, Tether (USDT) has steadily increased its dominance on the platform, signaling a shift in user preference across crypto payments. šš
BitPay, one of the worldās leading crypto payment processors, reported a noticeable drop in USDC transactions, while USDT usage surged, capturing a growing share of merchant and retail payments. This change may be attributed to Tetherās higher liquidity, broader exchange availability, and faster settlement capabilities ā especially in regions where instant conversions matter.
Meanwhile, USDC continues to focus on compliance and transparency ā strengths that appeal to institutional users but may not resonate as strongly with everyday crypto spenders.
This shift underscores a changing dynamic in stablecoin utility, and the market is watching closely. For traders and investors, these metrics offer insight into real-world adoption and sentiment trends ā something price charts donāt always reveal.
Stay informed. In crypto, utility wins. š§ š”
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