USDT leads crypto payments, USDC dominates DeFi as stablecoins diverge

Dune analytics data reveals a clear split between the two largest stablecoins: Tether's USDT has become the dominant stablecoin for crypto payments, while Circle's USDC powers the DeFi ecosystem. The divergence highlights how the blockchain a stablecoin operates on shapes its primary use case. The two tokens are increasingly serving distinct roles in the crypto economy.