#USDC market cap hits all-time high#
Hot Topic Overview
Overview
USDC market capitalization has been steadily climbing recently, breaking through $45 billion and reaching a new high in nearly two years. This is mainly due to the minting of over 200 million USDC by USDC Treasury in the past 24 hours. Data shows that in the past 7 days, the USDC circulating supply has increased by approximately 900 million, reaching a total circulating supply of 44.3 billion, with a reserve of approximately $44.4 billion. Of this, approximately $6.5 billion is in cash, and the Circle Reserve Fund holds approximately $37.9 billion.
Ace Hot Topic Analysis
Analysis
USDC's market capitalization recently surpassed $45 billion, hitting a new high in nearly two years, primarily driven by the minting of over 200 million USDC in the past 24 hours. According to official data, Circle issued approximately 3 billion USDC and redeemed about 2.1 billion USDC in the past seven days, resulting in a net increase in circulation of approximately 900 million USDC. As of January 2nd, the total USDC in circulation stood at 44.3 billion, with reserves estimated at $44.4 billion, including approximately $6.5 billion in cash and $37.9 billion held by the Circle Reserve Fund. This indicates a consistent growth in both USDC's circulation and reserves, further solidifying its market position as a stablecoin and enhancing user trust.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
USDC market cap hits a two-year high, surpassing $45 billion.
USDC Treasury minted over 200 million USDC in the past 24 hours, driving market cap growth.
Over the past 7 days, USDC circulation has increased by approximately 900 million, primarily driven by new minting.
USDC reserves are ample, with approximately $6.5 billion in cash and Circle Reserve Fund holding approximately $37.9 billion.