USDC overtook USDT on Azza
USDC reached 54.2% of Azza's stablecoin retail inflow in Q2 2026, up 8.2 percentage points on the quarter — its first quarterly lead since Q4 2025.
- 54.2%
- USDC share
- 45.8%
- USDT share
- $0.5M
- USDC volume
- $0.4M
- USDT volume
+8.2pp quarter on quarter
down from the lead
Q2 2026
Q2 2026
Azza last saw USDC ahead in Q4 2025. It is ahead again, at 54.2% of retail inflow volume — an 8.2 percentage-point swing in one quarter.
Q2 volumes: USDC $0.5M against USDT $0.4M.
The gap is narrow and the absolute numbers are small, so this is a lead rather than a rout. What makes it worth recording is the direction: USDT is the default rail for most retail flow we track, and the venues where it isn't are the ones worth watching.
Method
Share of retail stablecoin inflow by token at Azza, measured on verified deposit addresses and aggregated by calendar quarter through Q2 2026. Deposit-side only — excludes payouts and all off-chain activity. Share is computed on volume, not transaction count, so a shift can reflect ticket size as well as user preference.
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AfriFlux (2026). USDC overtook USDT on Azza. Published 3 July 2026. https://www.afriflux.xyz/feed/usdc-overtakes-usdt-on-azza
Reproducing a chart? Use this line: Source: AfriFlux — on-chain intelligence for Africa's stablecoin economy. afriflux.xyz