USDC has reached a historic milestone of $60.2 billion, doubling its supply from last year. The stablecoin continues to solidify its position in the crypto market.
Blockchain Distribution of USDC
USDC is distributed across multiple blockchains, with Ethereum leading as the dominant network with $36 billion. Other key networks include:
* Solana – $10 billion * Base – $3.7 billion * Hyperliquid – $2.2 billion * Arbitrum – $1.8 billion * Berachain – $1 billion
Circle has significantly increased USDC issuance on Solana, with the total surpassing $10 billion.
Latest Developments from Circle
Circle is actively expanding its USDC infrastructure:
* Japan Expansion: Launch of USDC by partnering with SBI VC Trade to enter the regulated Asian market. * Ethereum Layer-2 Upgrade: Transition to locally mined USDC on the Linea network. * Cross-Chain Transfer Improvements: Introduction of a protocol reducing transfer times from minutes to seconds on Avalanche, Base, and Ethereum, with support for Linea, Arbitrum, and Solana in progress.
Significance of USDC's Achievement
USDC's achievement of $60 billion underscores its important role in the digital asset ecosystem and its growing influence on the stablecoin market.
USDC continues to strengthen its position, having a significant impact within the stablecoin market. Its recent achievements and innovations are set to fortify its leadership in the digital asset ecosystem.
