#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 surge is primarily driven by the minting of over 200 million USDC by USDC Treasury in the past 24 hours. Data shows that Circle has issued approximately 3 billion USDC and redeemed about 2.1 billion USDC in the past 7 days, resulting in a net increase in circulation of approximately 900 million USDC. As of now, the total USDC in circulation is 44.3 billion, with reserves of approximately $44.4 billion, including $6.5 billion in cash and $37.9 billion held by the Circle Reserve Fund.
Ace Hot Topic Analysis
Analysis
USDC's market capitalization recently surpassed $45 billion, reaching a new high in nearly two years. This growth is primarily attributed to the minting of over 200 million USDC in the past 24 hours. Data shows that over the past seven days, USDC's circulating supply has increased by approximately 900 million, reaching a total circulating supply of 44.3 billion. USDC's reserves are approximately $44.4 billion, with approximately $6.5 billion in cash and $37.9 billion held by the Circle Reserve Fund. The growth in USDC's market capitalization reflects its popularity as a stablecoin and investor confidence in the cryptocurrency market. USDC's reserve transparency and stability have made it one of the most popular stablecoins in the market, providing investors with a safe and reliable investment option.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
USDC market cap hits a two-year high, exceeding $45 billion.
USDC's circulating supply has increased by approximately 900 million tokens in the past 7 days, primarily due to Circle's issuance exceeding redemptions.
USDC's reserves are approximately $44.4 billion, with approximately $6.5 billion in cash and $37.9 billion held by the Circle Reserve Fund.
USDC's stability and transparency make it a preferred stablecoin choice for investors and traders.