USDT and USDC transfer-value distributions are heavy-tailed with fitted power-law exponents around 1.4 to 1.8, and smart-contract-to-smart-contract transfers show consistently larger exponents than transfers involving regular accounts.
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Scaling laws of Stablecoin Transactions: Evidence from USDT and USDC on the Ethereum blockchain
USDT and USDC transfer-value distributions are heavy-tailed with fitted power-law exponents around 1.4 to 1.8, and smart-contract-to-smart-contract transfers show consistently larger exponents than transfers involving regular accounts.