Circle’s USDC Takes Lead in Stablecoin Transactions, Visa Says
- Visa said it cleansed transaction data of inorganic activity
- Tether’s USDT is usually framed as the world’s top stablecoin
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Circle Internet Financial’s stablecoin has this year overtaken Tether’s as the market leader in transaction volume, according to data compiled by Visa Inc.
Visa’s adjusted stablecoin metric, which it produced in partnership with Allium Labs, aims to reflect the state of the stablecoin market less any “potential distortions that can arise from inorganic activity and other artificial inflationary practices,” the company said on the new dashboard’s website.