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USDC, once the dominant stablecoin on BitPay, has seen its transaction share decline sharply in 2025, while Tether’s USDT gains traction. Data reveals a significant shift in stablecoin preferences among BitPay users over the past year.
- USDC's transaction share on BitPay fell from 85% in Jan 2024 to 56% by May 2025.
- USDT's share rose from 13% to 43% in the same period, signaling a major shift.
- BitPay data indicates Tether is gaining ground as the preferred stablecoin for payments.
📎 Related coverage from: cointelegraph.com
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