Data from Glassnode shows that throughout 2022, the daily transfer value of USDC on the Ethereum blockchain has been higher than that of USDT.
For example, as of Nov. 22, USDC had about $14 billion in daily transfers compared to USDT’s $5 billion.
The market value of USDC tokens in circulation is about 44 billion U.S. dollars, while USDT is 65.42 billion U.S. dollars. Compared with USDT users, USDC users participate in relatively more fund transfers, which implies that USDC is becoming more and more popular among institutional whales, hedge funds, A stablecoin option for high-net-worth entities such as family offices and crypto exchanges.
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