#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, Circle has issued approximately 3 billion USDC and redeemed approximately 2.1 billion USDC, resulting in an increase in circulation of approximately 900 million USDC, bringing the total circulation to 44.3 billion. USDC reserves are approximately $44.4 billion, of which approximately $6.5 billion is 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. The main reason is that USDC Treasury minted 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 about 900 million USDC. Currently, 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. The growth in USDC's market capitalization indicates a growing demand for stablecoins among investors, reflecting a renewed confidence in the cryptocurrency market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
USDC market cap hits a two-year high, exceeding $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 due to new USDC issued by Circle.
USDC reserves are approximately $44.4 billion, with approximately $6.5 billion in cash and $37.9 billion held by the Circle Reserve Fund.