USDC overtakes Tether in stablecoin transaction volume, Visa data shows

New data from Visa shows that Circle's USDC stablecoin has overtaken Tether in transaction volume, marking a significant shift in the stablecoin market. Overall stablecoin trading volume surged 63% in a single month, driven by Wall Street banks adopting digital currencies for faster settlements. The figures point to accelerating mainstream adoption of stablecoins in traditional finance.