{"id":11751,"date":"2022-06-22T05:03:03","date_gmt":"2022-06-22T05:03:03","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/usdcs-real-volume-flips-tether-on-ethereum-as-total-supply-hits-55-9b\/"},"modified":"2022-06-22T05:03:05","modified_gmt":"2022-06-22T05:03:05","slug":"usdcs-real-volume-flips-tether-on-ethereum-as-total-supply-hits-55-9b","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/usdcs-real-volume-flips-tether-on-ethereum-as-total-supply-hits-55-9b\/","title":{"rendered":"USDC\u2019s \u2018real volume\u2019 flips Tether on Ethereum as total supply hits 55.9B"},"content":{"rendered":"
USD Coin is taking a run at the title of the top stablecoin in crypto after its daily \u2018real volume\u2019 on the Ethereum network doubled that of Tether\u2019s USDT on Tuesday.\u00a0<\/p>\n
According to crypto market data tool Messari, Circle\u2019s USDC posted $1.1 billion in daily real volume on the Ethereum network on June 21, which was double USDT\u2019s real volume of $579 million.<\/p>\n
Messari\u2019s real volume metric is calculated by compiling data only from exchanges that it believes have \u201csignificant and legitimate crypto trading volumes” and thus differs to the more-commonly seen “total volume” metric. <\/p>\n
Exchanges included in Messari’s Real Volume metric include Binance, Bitfinex, Bitflyer, Bitstamp, Bittrex, Coinbase Pro, Gemini, itBit, Kraken, Poloniex, and those tracked on OnChainFX.<\/p>\n