The market capitalization of the USDC stablecoin has soared to a record-breaking peak, surpassing $60 billion. This milestone highlights the growing adoption of USDC, with its circulating supply reaching $60.2 billion—a remarkable 100% increase compared to last year.
Ethereum leads the pack, hosting $36 billion of USDC’s distribution, while Solana follows in second place with $10 billion. Circle, the company behind USDC, recently launched the stablecoin in Japan and plans to roll out a native version on Ethereum’s Layer 2 networks.
Additionally, USDC’s cross-chain transfer protocol has been upgraded, slashing transfer times to mere seconds. These advancements underscore Circle’s commitment to expanding accessibility and enhancing the infrastructure of this leading digital currency.
