According to Cointelegraph, Dune data shows that USDT dominates the payments sector, settling approximately $95 billion in commercial payments in the first half of 2026, accounting for 92% of B2B payment volume. On the Tron network, 93% of USDT is held in ordinary wallets rather than exchanges. Meanwhile, USDC has become the preferred stablecoin in DeFi, processing around $2.6 trillion in transfers on the Base chain in June and an additional $1.6 trillion on the Ethereum chain, with a daily turnover rate reaching 20 times its circulating supply. Together, they account for 83% of the $315 billion total market capitalization of stablecoins, reflecting a growing divergence in on-chain usage.
USDT Dominates Payments, USDC Leads in DeFi Stablecoin Usage
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Summary
On-chain data shows USDT leading in payments, settling $95 billion in B2B transactions in H1 2026, or 92% of total volume. Over 93% of USDT on Tron is held in regular wallets. USDC dominates DeFi, with $2.6 trillion in transfers on Base and $1.6 trillion on Ethereum in June. Daily turnover reached 20 times its circulating supply. DeFi exploit risk remains low, as USDC and USDT control 83% of the $315 billion stablecoin market.
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