{"id":186,"date":"2026-07-09T03:27:08","date_gmt":"2026-07-09T03:27:08","guid":{"rendered":"https:\/\/tronsell.io\/blog\/wpen\/?p=186"},"modified":"2026-09-08T06:30:12","modified_gmt":"2026-09-08T06:30:12","slug":"92-b2b-vs-20x-velocity-how-usdt-and-usdc-divided-the-stablecoin-market-5-points","status":"publish","type":"post","link":"https:\/\/tronsell.io\/blog\/wpen\/92-b2b-vs-20x-velocity-how-usdt-and-usdc-divided-the-stablecoin-market-5-points\/","title":{"rendered":"92% B2B vs 20x Velocity: How USDT and USDC Divided the Stablecoin Market (5 Points)"},"content":{"rendered":"\n

On July 8, 2026, Cointelegraph reported on Dune Analytics’ latest findings: USDT and USDC are no longer competing head-to-head \u2014 they’ve divided the market<\/strong>. USDT has become the on-chain “Visa” for global payments, while USDC has become the “infrastructure currency” for DeFi. Together, they account for 83% of the ~$315B stablecoin market, but serve entirely different users and use cases. At the center of this divergence, TRON<\/strong> has emerged as the core infrastructure powering USDT’s payment dominance.<\/p>\n\n\n\n

 Here are 5 key points breaking down how USDT and USDC divided the $315B stablecoin market \u2014 and why this divergence is reshaping the future of digital payments.<\/p>\n\n\n\n

1. Point 1: $95B Payments & $7.9T Volume \u2014 USDT’s Payment Dominance at Scale<\/strong><\/strong><\/h2>\n\n\n\n

According to Dune’s data, USDT settled approximately\u00a0$95 billion<\/strong>\u00a0in identified commercial payments<\/a><\/strong> in the first half of 2026, far exceeding USDC’s ~$14B. In the B2B payment sector, USDT’s share reached\u00a092%<\/strong>. This is backed by TRON’s staggering\u00a0$7.9 trillion<\/strong>\u00a0in annual USDT transfer volume throughout 2025 \u2014 equivalent to the combined GDP of Japan and Germany.<\/p>\n\n\n\n

Metric<\/strong><\/strong><\/td>USDT<\/strong><\/strong><\/td>USDC<\/strong><\/strong><\/td><\/tr>
H1 2026 Commercial Payment Settlement<\/td>~$95B<\/strong><\/td>~$14B<\/td><\/tr>
B2B Payment Share<\/td>92%<\/strong><\/td>~8%<\/td><\/tr>
Circulating Supply<\/td>~$184B\u2013$197B<\/td>~$73B\u2013$75B<\/td><\/tr>
Market Share<\/td>~59%<\/strong><\/td>~24%<\/td><\/tr>
Primary Use Case<\/td>Payments, remittances, savings<\/td>DeFi trading, lending, liquidity<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

$95B in commercial payment settlements means USDT is becoming the de facto payment layer for global cross-border commerce<\/strong> \u2014 from supply chain settlements in Southeast Asia, to dollar-substitute savings in Latin America, to P2P remittances in Africa. TRON’s $7.9T annual volume is driven not by Wall Street traders, but by billions of ordinary people in emerging markets who are underserved by traditional banking. According to Messari, TRON captured 65% of all global retail-sized crypto transfers<\/strong> (under $1,000) in Q3 2025.<\/p>\n\n\n\n

Key Insight:<\/strong> A 92% B2B payment share means that when businesses choose to settle cross-border payments with stablecoins, USDT is virtually the only option. This dominance isn’t rooted in technical superiority, but in its network effect<\/strong> \u2014 the more people who accept USDT, the more people need to pay with USDT, creating a self-reinforcing flywheel.<\/p>\n\n\n\n

2. Point 2: 93% Wallet Holdings \u2014 Why USDT Lives in Wallets, Not Exchanges<\/strong><\/strong><\/h2>\n\n\n\n

One of the most striking data points in Dune’s report: on the TRON network, approximately 93% of USDT supply is held in regular wallets<\/strong>, not on centralized exchanges. This figure is far above the industry average and directly reveals USDT’s real-world utility<\/strong> on TRON.<\/p>\n\n\n\n

In crypto markets, the percentage of a token held on exchanges typically reflects its speculative nature<\/strong>. USDT’s 93% wallet holding rate on TRON signals that the vast majority of holders treat it as a functional asset<\/strong>, used for:<\/p>\n\n\n\n