Gate News reports that on March 11, 2026, the monthly trading volume of stablecoins reached $1.8 trillion, a new all-time high. USDC transfer volume has surpassed the long-dominant USDT for the first time. Analysts believe this reflects a clear preference among institutional participants for compliant dollar infrastructure. Enterprise applications are accelerating. Circle used USDC to complete a cross-entity settlement of $68 million within 30 minutes across 8 internal entities, whereas similar operations via traditional bank wire transfers take 1 to 3 days. CEO Jeremy Allaire stated that this process accounted for about 90% of the company’s internal transfers and settlements in a single day. Investment firms are also optimistic about Circle’s prospects. Bernstein has given Circle a “beat the market” rating with a target price of $190, calling it a long-term winner in the sector. Circle’s revenue in 2025 reached $2.7 billion, a 64% year-over-year increase. Competition is intensifying, with Tether, PayPal, Stripe, and other institutions launching their own stablecoin initiatives.
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