{"id":568501,"date":"2026-03-13T21:53:41","date_gmt":"2026-03-13T21:53:41","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/03\/13\/circles-usdc-overtook-tethers-usdt-in-adjusted-ytd-volume-mizuho\/"},"modified":"2026-03-13T21:53:41","modified_gmt":"2026-03-13T21:53:41","slug":"circles-usdc-overtook-tethers-usdt-in-adjusted-ytd-volume-mizuho","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/03\/13\/circles-usdc-overtook-tethers-usdt-in-adjusted-ytd-volume-mizuho\/","title":{"rendered":"Circle\u2018s USDC overtook Tether\u2018s USDT in adjusted YTD volume: Mizuho"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDcvMDE5N2VkZjQtM2JmZS03ZjUyLTk1N2EtMzRkZWJkMTZlMTg3.jpg\" alt=\"Circle\u2018s USDC overtook Tether\u2018s USDT in adjusted YTD volume: Mizuho\" class=\"type:primaryImage\" \/><\/p>\n<p>Analysts at the investment company said the change was significant because the stablecoin \u201cwinner\u201d will be the one people use for everyday transactions.<\/p>\n<p>Japanese investment bank Mizuho reported that stablecoin issuer Circle\u2019s USDC overtook Tether\u2019s USDt in transaction volume for the first time since 2019.<\/p>\n<p>In a research note released on Friday, Mizuho <a title=\"https:\/\/www.investing.com\/news\/analyst-ratings\/mizuho-raises-circle-internet-stock-price-target-to-120-on-usdc-growth-93CH-4559657\" href=\"https:\/\/www.investing.com\/news\/analyst-ratings\/mizuho-raises-circle-internet-stock-price-target-to-120-on-usdc-growth-93CH-4559657\" target=\"_blank\" rel=\"nofollow noopener\">said<\/a> it had raised its price target for Circle stock from $100 to $120 after comparing transaction volumes between the two major stablecoins. According to Mizuho, USDC (<a title=\"\/usdc-price-index\" href=\"https:\/\/cointelegraph.com\/usdc-price-index\" target=\"_blank\" rel=\"nofollow noopener\">USDC<\/a>) had about $2.2 trillion in adjusted transaction volume for the year to date, compared with USDt (<a title=\"\/tether-price-index\" href=\"https:\/\/cointelegraph.com\/tether-price-index\" target=\"_blank\" rel=\"nofollow noopener\">USDT<\/a>) at $1.3 trillion.<\/p>\n<p>\u201cThe data shows USDC vs. USDT volumes at 64% market share,\u201d said Mizuho. This is a reversal in a long-term trend of USDT volumes surpassing USDC in 2019-2025.\u201d<\/p>\n<p><a href=\"https:\/\/cointelegraph.com\/news\/circle-usdc-tether-usdt-adjusted-ytd-volume-mizuho\">Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Analysts at the investment company said the change was significant because the stablecoin \u201cwinner\u201d will be the one people use for everyday transactions. Japanese investment bank Mizuho reported that stablecoin issuer Circle\u2019s USDC overtook Tether\u2019s USDt in transaction volume for the first time since 2019. In a research note released on Friday, Mizuho said it [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":568502,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-568501","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/568501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=568501"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/568501\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/568502"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=568501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=568501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=568501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}