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