Stablecoin transaction volumes on Ethereum are poised to hit a record $15 trillion, with significant activity surrounding USD Coin (USDC). USDC has recently surpassed Tether (USDT) in transaction volume, becoming the market leader. This shift is supported by recent large-scale token burns at the USDC Treasury, including the destruction of 94,939,325 USDC (95,062,747 USD), 111,078,182 USDC (111,060,354 USD), and an additional 50 million USDC.
π₯ π₯ π₯ π₯ π₯ 111,078,182 #USDC (111,060,354 USD) burned at USDC Treasury https://t.co/kSG350GIu5
Stable Coin Update: 50m $USDC burned by @circle treasury on @ethereum https://t.co/zYIreDAfsb https://t.co/1VVK7MYNTs
π₯ USDC Surpasses USDT, Becoming Market Leader by Transaction Volume The stablecoin USD Coin (USDC) from Circle has surpassed its biggest competitor, Tether (USDT), in transaction volume. π According to Visa metrics, the transaction volume for $USDC last week amounted toβ¦ https://t.co/O1DBa4mxiN
π₯ π₯ π₯ π₯ 94,939,325 #USDC (95,062,747 USD) burned at USDC Treasury https://t.co/uRgc2kP8wU
Stablecoin Volumes Are Tracking A Record $15 Trillion On Ethereum Alone https://t.co/rqwHucF3HU