USDC’s ‘real volume’ flips Tether on Ethereum as total supply hits 55.9B

USDC’s ‘real volume’ flips Tether on Ethereum as total supply hits 55.9B


USD Coin is taking a run at the title of the top stablecoin in crypto after its daily ‘real volume’ on the Ethereum network doubled that of Tether’s USDT on Tuesday. 

According to crypto market data tool Messari, Circle’s USDC posted $1.1 billion in daily real volume on the Ethereum network on June 21, which was double USDT’s real volume of $579 million.

Messari’s real volume metric is calculated by compiling data only from exchanges that it believes have “significant and legitimate crypto trading volumes” and thus differs to the more-commonly seen “total volume” metric.

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Exchanges included in Messari’s Real Volume metric include Binance, Bitfinex, Bitflyer, Bitstamp, Bittrex, Coinbase Pro, Gemini, itBit, Kraken, Poloniex, and those tracked on OnChainFX.

24 hr Real Volume for USDT on Ethereum. MessariUSDC

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