USDC transfer volume surpasses USDT, with stablecoin monthly trading volume reaching a record high

ZkProver · 2026-03-11T06:06:53+00:00

In February 2026, stablecoin trading volume reached a record high, with USDC surpassing USDT for the first time, reflecting institutional preference for compliant US dollars. Circle facilitates fast cross-account settlements through USDC, with the CEO stating that 90% of internal transfers have been completed. Analysts are optimistic about its prospects, with a target price of $190. Competitors like Tether, PayPal, and Stripe are also entering the stablecoin space.

ZkProver

2026-03-11 06:06:53

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ChainCatcher News: In February 2026, the monthly trading volume of stablecoins reached a record high of $1.8 trillion. USDC transfer volume for the first time surpassed the long-dominant USDT, attributed by analysts to institutional participants’ clear preference for compliant USD infrastructure.

Enterprise adoption is accelerating. Circle used USDC to settle $68 million across 8 internal entities within 30 minutes, whereas similar operations via traditional bank wire transfers take 1 to 3 days. CEO Jeremy Allaire stated that this process completed about 90% of the company’s internal transfers in a single day.

Analysts are also optimistic about Circle’s prospects. Bernstein rates Circle as a “beat the market” stock with a target price of $190, calling it a long-term winner in the sector. Circle’s revenue in 2025 reached $2.7 billion, a 64% year-over-year increase.

Competitive pressure is also mounting, with Tether, PayPal, Stripe, and other institutions launching their own stablecoin initiatives.

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