USDC Overtakes Tether in Stablecoin Volume as Visa Data Shows 63% Monthly Surge

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New data from Visa reveals that Circle's USDC stablecoin is pulling ahead of Tether in overall trading volume. The figures show a sharp 63% spike in stablecoin transaction volume within a single month. This growth is being driven in part by increasing adoption of digital currencies among Wall Street banks seeking faster settlement processes. The trend signals a notable shift in the competitive dynamics of the stablecoin market, with USDC gaining significant ground on the long-dominant Tether.

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