Circle’s USDC stablecoin has exceeded Tether’s USDT in trading volume for the first time in over four years, marking a significant shift in the stablecoin market. The milestone prompted Japanese investment bank Mizuho to raise its price target for Circle to $120 from $100, though the bank maintains a neutral rating on the company. Both stablecoins remain pegged near $1, with USDC at $0.9999 and USDT at $1.00.
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