Tether’s USDT is closing the gap on Circle’s USDC in terms of stablecoin transactions on the major payment platform BitPay in 2025. While USDC dominated in 2024, USDT’s share has significantly increased this year, even leading in payment volume. This shift occurs despite Circle’s recent public listing and regulatory advantages in the EU. BitPay attributes the change to overall stablecoin growth and user preference for USDT.
Tether Gains on USDC in BitPay Transactions 2025
