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<p>One more cut of the @Revolut data: people, not dollars.

Weekly active counterparties tell a different story than volume. On the announcement week, $USDT addresses jumped from 26k to 90k - that is the only place the delisting shows up as a spike. The money they moved was ordinary; the number of people was not.

Since then $USDC counterparties have tripled, from 12k to 37k. USDT is down to ~200 a week.

Clients did not leave. They were moved, and they stayed.</p>

One more cut of the @Revolut data: people, not dollars.
Weekly active counterparties tell a different story than volume. On the announcement week, $USDT addresses jumped from 26k to 90k - that is the only place the delisting shows up as a spike. The money they moved was ordinary; the number of people was not.
Since then $USDC counterparties have tripled, from 12k to 37k. USDT is down to ~200 a week.
Clients did not leave. They were moved, and they stayed.

One more cut of the @Revolut data: people, not dollars. Weekly active counterparties tell a different story than volume. On the announcement week, $USDT addresses jumped from 26k to 90k - that is the only place the delisting shows up as a spike. The money they moved was ordinary; the number of people was not. Since then $USDC counterparties have tripled, from 12k to 37k. USDT is down to ~200 a week. Clients did not leave. They were moved, and they stayed.

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