USDC Overtakes Tether as Firms Shift From Bank Wires to Stablecoins
Market data indicates corporate treasury teams are swapping traditional bank wires for stablecoin-based settlements, and USD Coin (USDC) has now overtaken Tether (USDT) in transfer volume as stablecoin usage reaches all-time highs. Firms cite faster settlement, 24/7 rails and easier cross-border liquidity flows as drivers for using tokenised dollars instead of slow correspondent banking.
The trend matters because it could reshape treasury operations and pressure legacy banking corridors: stablecoins offer near-instant reconciliation and lower operational friction, while integration with custody and compliance tools will determine institutional scale. USDC's rise suggests treasurers are prioritising infrastructure transparency and composability, but the pace of adoption will depend on continued regulatory clarity and improved fiat on/off ramps for enterprises.