USDC has stronger on-chain presence

Lovely dive in @0xTakeProfits Shared something similar on stablecoins but was more focused on who survives the future crowded market. https://x.com/ModestusOkoye/status/2078032194572779693 Two unicorns that also stood out in my data is $USDT and $USDC but what most people haven't been talking about is where they exert dominance. For USDT, most of its value is held in CEXs while USDC has more onchain footprints. In the future I expect this to grow thinner or we see the rise of other tether backed stablecoins like USDT0 gaining onchain footprints