TL;DR USDC on Ethereum expands 10.13% monthly, while USDT stagnates at 1.46%. Ethereum surged 20% as USDC supply accelerated, signaling institutional repositioning. Tether redirects $20M toward Bitcoin Layer 1 infrastructure strategically. Ethereum experiences a pronounced shift in its stablecoin liquidity composition, with USDC capturing massive inflows while USDT stagnates.
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