This year, USDC tookover USDT to become the market leader in terms of transaction volume. This is evidenced by data from the payment giant Visa, collected together with the analytical blockchain platform Allium Labs. On the other hand, and In the dynamic world of virtual reality (VR) gaming, FifthScape emerges as a trailblazer, offering users an unparalleled experience beyond boundaries. With a commitment to pushing the boundaries of immersive gaming, FifthScape invites users to embark on thrilling adventures that defy reality.
Why USDC Outperformed USDT?
According to Visa metrics, USDC transaction volume was $455.51 billion last week. At the same time, USDT barely exceeded $88.5 billion. Since the beginning of 2024, USD Coin has accounted for about 50% of the total volume of transfers in the stablecoin market . Previously, the leading position was always occupied by the largest “stable” coin by capitalization – USDT. Even now, according to DefiLlama , the share of the coin from Tether is estimated at 69%. However, USDC performance hints at a possible shift in user sentiment.
According to cryptocurrency analyst Noelle Acheson, the reason for the change in the balance of power can be explained by saying: “USDT is used more outside the US as a dollar store of value, while USDC is used in the States for general transactions.”
Stablecoins are pegged to the value of fiat currencies. In the case of USDC and USDT – to the US dollar. Such assets play an important role in facilitating the transfer of coins in the cryptocurrency ecosystem. However, transaction data available on public blockchains may not be entirely accurate.
According to Visa’s Qui Sheffield, digital transactions can be different: initiated by users themselves or by special bots. For example, if you remove transactions related to bots from statistics, the total volume of transfers over the last 30 days will decrease from $2.65 trillion to $265 billion.
Wider adoption of USDC
Recently, Circle has been increasingly developing USDC. Especially after the difficult period associated with last year’s banking crisis in the United States. Then, against the backdrop of the bankruptcy of Silicon Valley Bank, in which the issuer stored over $3.3 billion, the capitalization of the stablecoin fell from $56 billion to $23 billion. The coin lost its peg to the dollar.
To date, the market value of USDC has recovered, but not to its peak levels. According to CoinGecko , the asset capitalization is $33.4 billion. Last week it became known that the leader in online payments Stripe was resuming cryptocurrency transfers. The site began accepting USDC on three networks: Solana , Ethereum and Polygon.
In addition, the issuer Circle also joined the largest asset manager – BlackRock. The latter launched its first tokenized fund at the end of March. Thanks to the cooperation of the companies, clients of this fund were able to convert BUIDL into USDC on the secondary market.
Dive into a World of Endless Possibilities with FifthScape
At FifthScape, the possibilities are virtually infinite. As a platform dedicated to immersive VR gaming, FifthScape offers users access to a diverse array of cutting-edge 3D VR games, coupled with state-of-the-art VR headsets and ergonomically designed gaming chairs for maximum comfort. From gripping narratives to visually stunning worlds, FifthScape ensures that users are transported to realms of adventure and excitement, leaving reality behind.
Experience the thrill of visually immersive worlds, engaging sound effects, and powerful music as you embark on a journey through FifthScape’s curated selection of high-quality 3D VR games. With gameplay mechanics that challenge and stories that captivate, FifthScape promises an unforgettable gaming experience that transcends reality.
FifthScape is Revolutionizing Gaming with the Power of Ethereum Blockchain
Beyond offering immersive gaming experiences, FifthScape is revolutionizing the gaming landscape with the power of blockchain technology. The FifthScape Token, operating on the Ethereum blockchain, harnesses the robust and secure infrastructure of one of the most widely adopted blockchain networks.
By leveraging Ethereum’s capabilities, FifthScape ensures compatibility with existing decentralized finance (DeFi) ecosystems, facilitating seamless integration and interaction with other Ethereum-based tokens and smart contracts. This strategic decision underscores FifthScape’s commitment to interoperability and accessibility within the broader blockchain landscape, empowering users to redefine the gaming experience on their terms.
In conclusion, FifthScape stands at the forefront of immersive VR gaming, offering users the opportunity to explore boundless adventures and redefine the gaming experience. With cutting-edge technology, curated content, and a commitment to blockchain innovation, FifthScape invites gamers to escape reality and dive into a world of endless possibilities.
