In the first half of 2025, the Hedera network demonstrated significant growth in USDC activity. This notable increase was aided by listings on leading cryptocurrency exchanges.
USDC Growth on Hedera
According to Hedera network data, the supply of USDC minted on its blockchain rose by 1200% between January and June 2025. The increase in USDC activity was linked to its listings on the major exchanges like Binance and Crypto.com, enhancing accessibility for users. Additionally, wallet-to-wallet transfer volumes increased by 420% during the same period, while transaction fees remained fixed at $0.001.
Actions Regarding HBAR ETF
Public attention has also focused on the expected decision from the U.S. Securities and Exchange Commission (SEC) regarding the proposed HBAR ETF. The SEC missed the deadline for a ruling on the application submitted by Canary Capital Group. Despite the delay, Bloomberg analysts maintain a high likelihood of ETF approval by year-end, citing strong market confidence and suggesting that HBAR will likely be classified as a commodity.
Current HBAR Performance
At press time, HBAR is trading at $0.1710, reflecting a 6.22% increase in the past 24 hours. This price movement follows heightened trading activity and continued speculation surrounding the ETF decision.
With the rising adoption of USDC on the network and optimism surrounding HBAR, Hedera’s presence in the digital asset market continues to strengthen.
