USD Coin (USDC) The supply reached a historical turning point and exceeded the market value of $ 60 billion for the first time. This success emphasizes the rapid growth of the stablecoin and the increasing adoption of multiple block chain networks.
USDC supply gave a strong signal by reaching a record level of 60 billion dollars
Today, the supply of the USDC has reached 60.2 billion, the highest level of all time, and reflected a 100 %increase in March 2024 compared to the previous year. The total stabilcoin market value increased to record levels and exceeded $ 230 billion.
The USDC, which was issued by Circle and supported by a consortium, including Coinbase, continues to be the second largest stabilcoin after Tether (USDT), which is currently over $ 144 billion.
USDC’s block chain distribution
The USDC is distributed to more than one block chain and Ethereum leads to a dominant network that holds a supply of $ 36 billion. Other lock nets are:
- Solana – 10 billion dollars
- Base – 3.7 billion dollars
- Hyperliquid – 2.2 billion dollars
- Arbitration – 1,8 Milyar Dolar
- Berachain – 1 Milyar Dolar
In particular, Circle significantly increased USDC exports in Solana by pressing multiple slices of 250 million USDC at the beginning of 2025. As of March 20, the total USDC over Solana exceeded $ 10 billion.
Circle’s latest developments
Circle actively expands the access and infrastructure of USDC:
- Japan expansion: USDC recently established a partnership with SBI VC Trade and started its operations in Japan and took an important step in the Asian market.
- Ethereum Layer-2 upgrade: The company announced that the Köprülü USDC on the linea network of Ethereum was upgraded to the local USDC, which is a first in the industry.
- Between Chains Transfer Developments: Circle, Avalanche, Base and Ethereum’da transfer times from minutes to seconds to seconds introduced a cross -chain transfer protocol. Linea, Arbitrum and Solana support for support.
With these developments, USDC continues to consolidate its position as a leading stabilcoin in the ecosystem of digital asset.
*It is not an investment advice.
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Source: https://www.bitcoinsistemi.com/circlein-usd-coini-usdc-piyasa-degerinde-rekor-kirdi-tetheri-tehdit-edebilir-mi-iste-detaylar/
