Stablecoins Dominate Daily Transfer Volumes, Data Shows

According to BlockBeats, data from Glassnode reveals that the average daily transfer volume for the stablecoins USDT and USDC is approximately $192 billion (90-day simple moving average). This figure is nearly double the transfer volume of the top five cryptocurrencies, which stands at around $103 billion, indicating that stablecoins are handling a larger share of liquidity and settlement activities. Additionally, the daily transfer volume for USDT and USDC on the Tron network is about $24.2 billion, which is nearly ten times the transfer volume on the XRP ledger.