While the adoption of the USDC has climbed sharply in a year, the famous Stablecoin de Circle has achieved an ath of capitalization. Let's look at these figures in more detail.
USDC exceeds $ 56.37 billion in capitalization
With $ 56.37 billion in capitalization when writing these lines, The Stablecoin USDC of Circle achieves a historic higher (ATH) Regarding the quantity in circulation. Indeed, the famous synthetic dollar managed to exceed its previous record of July 2022, thanks to a few hundred million dollars more.
Compared to the USDT competitor of Tether, capitalized for 141.63 billion dollars, the 2nd Stablecoin on the market is still very late. However, the USDC has already seen its capitalization grow by more than 28 %, where the USDT only increased by 3.2 %.
Furthermore, The Stablecoin flagship of Circle also saw its emission more than double in the space of a year ::
Evolution of the capitalization of the USDC over 12 months
💡 How does the Stablecoin USDC de Circle work?
Several factors can thus explain this increase, as with the conformity aspect, often described as more complete than on the side of Tether. In addition, Circle has also made major announcements in recent months, like the acquisition of hashnote, the largest tokenized fund in the world, or the partnership with Binance, which has notably led to USDC the privileged asset of the Exchange for its on-chain cash.
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Source: Coingecko
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Since 2021, I have devoted my free time to seriously train myself on cryptocurrencies in order to acquire maximum knowledge and credibility. I often have the opportunity to carry out interviews with influential personalities from the blockchain industry. I also conduct in -depth analyzes on web3 themes to offer exclusive content to cryptoast readers.
Vincent Mayor
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