Circle's Market Cap Hits 50% of USDC Circulation

Circle's market capitalization has reached 50% of the total circulation of its stablecoin, USDC, according to BitMEX Research. Currently, Circle's market cap stands at $27.055 billion, reflecting its significant position in the stablecoin market. This development underscores the growing influence and adoption of USDC in the cryptocurrency ecosystem.

USDC +0.01%

Source: Show Original

Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.

You may also like