USDT wins payments, USDC wins DeFi as stablecoins diverge: Dune
CoinTelegraph·
60-second summary
Tether's USDT is emerging as crypto's dominant payments stablecoin, according to Dune data, while Circle's USDC leads in DeFi applications, indicating a divergence in stablecoin use. This distinction highlights the influence of blockchain choice on stablecoin adoption, with USDT's dominance in payments and USDC's stronghold in DeFi applications shaping the market's stablecoin landscape.
Dune data shows Tether's USDT has become crypto’s dominant payments stablecoin while Circle's USDC powers DeFi, highlighting how blockchain choice shapes stablecoin use.