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The total supply of the USDC stablecoin on Ethereum has surpassed that of USDT’s for the first time.

USDT’s total supply across blockchains, however, remains higher than that of USDC’s.

The total supply of the USDC stablecoin on the Ethereum blockchain has surpassed that of rival Tether's (USDT) for the first time.

The current total supply of USDC on Ethereum stands at 39.92 billion , whereas USDT's total supply on the blockchain stands at 39.82 billion , according to Etherscan.

USDC's supply beating USDT's on Ethereum is significant since the blockchain remains a major contributor of growth for both stablecoins.

Looking at the bigger picture, USDT's total supply across blockchain continues to remain higher than that of USDC's.