Observers.com

While USDT dominates payments and centralized exchanges, USDC has taken the lead in decentralized markets. USDC has actively fostered relationships with DeFi dApps and is often viewed as a more secure stablecoin. US dollar stablecoins might be a key part of getting the general public to more widely adopt digital assets. As of now, the total market capitalization of all stablecoins stands at approximately $123.9 billion, with a daily trading volume hovering around $40 billion, according to  CoinGecko . Interestingly, the trading volume for stablecoins exceeds that of both Ethereum and Bitcoin combined. This underscores the prevalent use of stablecoins and their potential for further growth.  According to the  brokerage firm Bernstein , the stablecoin market is projected to surge to $2.8 trillion over the next five years. The integration into consumer platforms, the use of stablecoins in remittances, and the rise of decentralized finance are all factors anticipated to drive this growth.