USDC Growth Surges Past USDT, Driven by Institutional Demand

Stablecoin market dynamics are shifting as USDC experiences explosive growth, overtaking USDT in recent months. The accelerated growth is attributed to its regulatory clarity and institutional appeal, particularly given Circle’s potential IPO plans. As per The Block Data & Insights newsletter: USDC has risen to nearly $61 billion, marking a significant leap of $17 billion from its starting point of $44 billion at the beginning of the year.