USDC, the stablecoin from Circle, displays impressive growth in the international market. In Q1 2025, USDC reported a 29-fold increase in turnover year-over-year, capturing a significant share of the OTC market.
Circle's Market Success
In the first half of 2025, Circle achieved an important milestone, securing 74.6% of the institutional OTC market volume due to robust regulatory compliance. Circle's CEO Jeremy Allaire stated, "We have been deeply focused on being trusted, transparent, and compliant."
USDC's Circulation Growth
USDC’s circulation grew by 78% year-over-year, reaching $1 trillion in monthly transactions by the end of 2024. Circle's IPO, listed under the ticker "CRCL," saw its market capitalization surge to $63 billion, exceeding the circulating USDC volumes.
USDC's Future and DeFi Impact
The increase in institutional confidence and regulatory compliance has led to greater global payment use and revenue upsurges for Circle. Potential outcomes include further financial growth from USDC in traditional and digital finance sectors, as well as increased total value locked in DeFi protocols.
The growth of USDC underscores its role as a core settlement and liquidity instrument within the cryptocurrency landscape, strengthening its position amid rising market demands.
