Last year, stablecoin trading volume surged to about $33 trillion, a record high. Artemis Analytics reported a 72% year-over-year increase in stablecoin activity. While Circle’s USDC has a market cap around $75 billion versus Tether’s USDT at roughly $187 billion, USDC has already outpaced USDT in turnover. Circle’s Dante Disparte, CSO, notes that USDC’s regulatory credibility and deep liquidity are driving its selection by traders.
Although USDC’s market cap trails USDT, its liquidity and regulatory standing have amplified its trading activity. The shift underscores traders’ preference for regulated, transparent stablecoins amid a rapidly evolving regulatory landscape.
The Genius Act, passed by Congress in July, aims to bring stablecoins into the regulated fold, signaling clearer rules for issuers and exchanges. President Trump has pursued pro-crypto policies since starting his second term last year, further accelerating discussions around stablecoin regulation and market access.
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