USDC Surges, USDT Plummets 49% :
This image illustrates the dramatic shifts in stablecoin volume across 40 different Centralized Exchanges (CEXs).
From this, we can observe that during the period from November 2024 to April 2025, $USDC was the only stablecoin to record a positive trend, increasing by 16%.
Conversely, $USDT experienced a volume decrease of up to 49%, while USD, reflecting fiat trading, also saw a decline of 46%.
This movement indicates a growing confidence in USDC. As other stablecoins faced periods of uncertainty, many investors appeared to place greater trust in USDC due to these various events.