---
title: "Circle's USDC volumes top Tether's USDT for first time since 2019, prompting sell-side price target hike"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279068603.md"
description: "Circle's USDC transaction volumes have surpassed Tether's USDT for the first time since 2019, reaching approximately $2.2 trillion year-to-date in 2026 compared to USDT's $1.3 trillion. Mizuho has raised its price target for Circle from $100 to $120, driven by increased USDC usage and growth potential in prediction markets and agentic commerce."
datetime: "2026-03-13T15:45:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279068603.md)
  - [en](https://longbridge.com/en/news/279068603.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279068603.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/279068603.md) | [繁體中文](https://longbridge.com/zh-HK/news/279068603.md)


# Circle's USDC volumes top Tether's USDT for first time since 2019, prompting sell-side price target hike

-   Mizuho said Circle's USDC transaction volumes have reached about $2.2 trillion year-to-date in 2026, compared with $1.3 trillion for Tether's USDT.
-   The shift marks the first time since 2019 that USDC activity has surpassed Tether’s, reversing years in which USDT dominated transaction flow.
-   The bank raised its Circle price target to $120 from $100, citing stronger USDC usage and growth expectations in areas such as prediction markets and agentic commerce.

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