USDC Reaches $60 Billion Market Cap, Setting New Record
"USDC has hit a record market capitalization of $60.2 billion, doubling in value over the past year.
As a result, the total stablecoin market cap has also reached a new all-time high, climbing past $230 billion. For comparison, the stablecoin market first went beyond the $200 billion mark in December 2024.
The surge in USDC’s market cap to $60.2 billion reflects Circle’s ongoing efforts to scale its infrastructure and broaden the token’s global adoption.
USDC remains the second-largest stablecoin by market capitalization, behind only Tether (USDT), which currently exceeds $144 billion.
A major driver of USDC’s expansion has been Circle’s multichain strategy. Several key blockchain networks now integrate the stablecoin, including:
- Ethereum (over $36 billion)
- Solana ($10 billion)
- Base ($3.8 billion)
- Hyperliquid ($2.2 billion)
- Arbitrum ($1.8 billion)
- Berachain ($1 billion)
submitted by /u/Crypto_1222
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