USDC Leads in Transaction Volume Over USDT Despite Market Cap Difference

USDC has processed approximately $2.2 trillion in adjusted transaction volume so far this year, surpassing USDT's $1.3 trillion, according to NS3.AI. Despite USDT maintaining a market cap of around $184 billion, USDC has shown stronger transaction activity. Country-level data indicates USDT is dominant in several markets, while USDC leads in Colombia, South Africa, Germany, Brazil, and the United States.