Stablecoin Transaction Volume Reaches $1.8 Trillion in February, Setting a New All-Time High

BlockBeats News, March 8th. According to Allium data, the stablecoin transfer volume in February reached $1.8 trillion, hitting a new all-time high. Among them, USDC's transfer volume was around $1.26 trillion, accounting for about 70%, surpassing USDT's $514 billion. Despite USDC's market capitalization of about $77.4 billion, still less than half of USDT's $184 billion, in recent months its transfer volume has consistently exceeded USDT's. (Cointelegraph)