Circle’s USDC Surpasses Tether’s USDT in Transaction Volumes
- USDC has recorded approximately $2.2 trillion in adjusted transaction volume in 2026, compared to $1.3 trillion for USDT.
- This gives USDC a market share of roughly 64%, a significant increase from its average of about 30% from 2019-2025.
- Mizuho raised Circle’s price target to $120 from $100, maintaining a neutral rating on the stock.
- Circle’s shares rose by about 1% to $115.40, marking a nearly 95% increase since February.
- Analysts expect “meaningful wallets” using USDC to reach approximately 11.7 million by the end of the forecast period.
The shift in transaction volumes highlights the growing adoption and utility of stablecoins like USDC in the crypto economy, particularly for trading and cross-border transfers.
With USDC now leading in transaction volumes, its market capitalization is projected to rise to $139 billion by the end of the forecast period, reflecting increased usage and demand.(Source)
