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Tether vs. USD Coin On-Chain Data Reveals Two Very Different Stablecoins

USD Coin (USDC), a stablecoin issued by the U.S.-based Circle Financials Ltd, is taking the lead over its top rival, Tether (USDT), when it comes to institutional adoption, according to on-chain data.

  • USDC daily transfer volumes are higher
  • Tether market cap dips after FTX collapse
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