# 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.

- Published: 2026-07-07T10:34:27.218Z
- Canonical: https://polylog.news/crypto/2026-07-07/usdc-overtakes-tether-where-money-actually-moves-visa-data-s
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CoinDesk](https://www.coindesk.com/business/2026/07/06/circle-s-usdc-is-leaving-tether-behind-in-the-stablecoin-volume-race), [crypto.news](https://crypto.news/usdc-beating-tether-quiet-flippening-volume/)

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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