USDC issuer Circle has reported that the stablecoin’s circulation increased by 78% in 2024.
The uptick made USDC the fastest-growing fiat-pegged crypto asset by market capitalization in the last 12 months.
Regulatory Compliance
According to the report, the supply of USDC went from a low of $24.4 billion in early 2024 to $43.9 billion by January 1, 2025. This growth is in stark contrast to 2023, when the stablecoin shrank by 45% to $33.2 billion following the collapse of Silicon Valley Bank (SVB).
The Santa Clara-based financial institution had held about $3.3 billion of Circle’s cash reserves. Its failure triggered a massive sell-off that caused USDC to briefly depeg from the U.S. dollar.
Fast-forward to the present, the virtual asset now operates across 16 blockchains and has facilitated fiat currency transfers worth more than $850 billion. Moreover, in November 2024, its monthly transaction volume broke past the $1 trillion mark, pushing its historical transaction total to more t
We współpracy z: https://cryptopotato.com/usdc-circulation-grew-78-in-2024-report/
