Morning Edition · Tuesday, July 7, 2026
USDC Overtakes Tether Where Money Actually Moves, Visa Data Shows
Circle's token now carries the majority of adjusted stablecoin transaction volume even as Tether keeps a large lead in total supply.
Data from Visa's stablecoin analytics shows Circle's USDC carrying about 70% of adjusted stablecoin transaction volume, roughly double the share of Tether's USDT, according to crypto.news. CoinDesk reported that overall adjusted volume rose…
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Control of Stablecoin Payment Rails Becomes the Prize
As tokenized dollars scale, the contested and value-capturing layer shifts from issuance to the wallet-to-merchant routing path, concentrating fees and gatekeeping power among the firms that own settlement connectivity.
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