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rail report / stablecoins

USDT Volume Dwarfs USDC in Stable Rail Data

Market figures show USDT holding far larger volume and market cap than USDC, both pegged at one dollar with minimal daily moves.

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Felix Braun
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#stablecoins
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2 min
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f33f3a6
two digital tokens side by side on a dark exchange terminal screen

USDT volume exceeds USDC volume by a wide margin. USDT reached 39.98 billion dollars in 24 hour volume. USDC reached 9.48 billion dollars in 24 hour volume.

Prices for both tokens sit at one dollar. USDT changed by minus 0.01 percent over the day. USDC changed by zero percent over the day.

Market Capitalization Comparison

USDT market capitalization measures 183.37 billion dollars. USDC market capitalization measures 74.20 billion dollars. These figures place USDT ahead in overall size.

Deposit Characteristics

Each stablecoin comes with specific notes on how deposits work.

  • USDT deposit note calls for checking ERC-20 or TRC-20 acceptance.
  • USDC deposit note points to regulated reserves.

TRON carries a deposit note for TRC-20 transfers at very low fees with near instant settlement. TRON volume stands at 351.24 million dollars.

Other Settlement Chains

Litecoin holds a lowfee rail class with volume at 218.94 million dollars. Its deposit note mentions fast transfers with typically sub cent fees and blocks near two and a half minutes.

Bitcoin Cash shows volume at 146.59 million dollars. Its deposit note lists low fees with blocks near ten minutes.

Dogecoin volume reaches 496.39 million dollars. Its deposit note notes cheap and fast blocks near one minute.

Overall capitalization stands at 2.65 trillion dollars. Total volume measures 61.69 billion dollars. Bitcoin dominance sits at 58.85 percent.

Stablecoin prices reflect steady peg maintenance at one dollar.

keywords

  • #stablecoins
  • #usdt
  • #usdc
  • #low-fee-rails
  • #tron

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