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USDT wins payments, USDC wins DeFi as stablecoins diverge: Dune
Dune data indicates Tether's USDT dominates as a payments stablecoin, while Circle's USDC leads in DeFi applications, emphasizing the influence of blockchain choice on stablecoin usage.
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Adjacent reporting
- Stablecoins retain the edge over tokenized money market funds, JPMorgan says
- SoFi Is Launching SoFiUSD On Solana
- Yields on stablecoins is the best way to onboard more TradFi users into DeFi.
- Circle’s USDC is leaving Tether behind in the stablecoin volume race, new data from Visa shows
- Movement pivots to stablecoin payments as the layer-2 boom loses momentum