Why did USDC surpass USDT?

Due to adoption by major banks like Standard Chartered and BNY Mellon, which boosted confidence in USDC's regulatory compliance.

What is USDC's share of transaction volume?

USDC accounted for 70% of adjusted stablecoin transaction volume in 2026.

How does this affect Visa (V)?

It may increase demand for blockchain-based payment solutions, benefiting Visa as it invests in digital payment technologies.

USDC Extends Lead Over USDT to 70% of Volume in 2026

USDC has captured 70% of adjusted stablecoin transaction volume in 2026, driven by institutional adoption from banks like Standard Chartered and BNY Mellon. This marks a significant shift from USDT's previous dominance.

July 6, 2026

2 min read

Source: Bankless

Key Numbers

usdc volume share

70%

According to a recent report by Bankless, USDC now accounts for 70% of adjusted stablecoin transaction volume, surpassing USDT (Tether) by a wide margin. The growth is attributed to increasing adoption by major financial institutions such as Standard Chartered and BNY Mellon, which have built on Circle's network.

Details

The report highlights that USDC's share of adjusted stablecoin volume reached 70% in 2026, while USDT's share fell to 30%. This shift is driven by USDC's use in cross-border payments and institutional settlements.

Context

The development comes amid growing regulatory scrutiny of stablecoins. The involvement of banks like Standard Chartered and BNY Mellon has boosted confidence in USDC, as Circle emphasizes regulatory compliance.

What This Means for Investors

For investors in Visa (V) and other payment companies, USDC's dominance could increase demand for blockchain-based payment solutions. However, regulatory developments remain a key risk factor for the stablecoin market.

Frequently Asked Questions

USDC is a stablecoin pegged to the US dollar, issued by Circle. It is used for digital payments and settlements.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.