Tether Maintains Stablecoin Leadership Amid Growing Competition
Despite increasing competition, Tether's USDT remains the leading stablecoin by transaction volume in business operations according to data from NOWPayments. Circle Internet Financial Group’s (CRCL) USDC is gaining traction and saw a significant rise in transactions during the first half of 2026. USDC experienced a year-over-year increase of 209% in transactions, while Tether's transaction activity declined over the same period. Both stablecoins are increasingly used for payroll and treasury transfers by businesses, signaling their growing role as essential financial tools rather than just payment options. CRCL stock has dropped 43% over the past year to $76.53 per share. In contrast, Tether remains a privately held company with no publicly traded shares.
Tickers: $CRCL
Topics: Circle Internet Financial (CRCL) competition stablecoins Tether (USDT)