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Tether USDT Settles $95B in H1 2026, Nearly 7x USDC's $14B Payments

On-Chain Data Industry Reports Capital Flow

2026-07-07 21:53:33

TRX0.68%

According to Dune's Digital Asset Brief, Tether's USDT settled approximately $95 billion in identified commerce payments during the first half of 2026, nearly seven times the $14 billion processed by Circle's USDC. USDT accounted for roughly 92% of the $48 billion in business-to-business stablecoin volume, with 93% of its Tron supply held in ordinary wallets rather than exchanges, indicating its role as a cross-border payment rail in emerging markets. USDC, conversely, dominates DeFi activity; on Coinbase's Base network, it processed about $2.6 trillion in transfer volume in June alone, while on Ethereum it handled $1.6 trillion during the same period. Together, USDT and USDC account for approximately 83% of the $315 billion stablecoin market.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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