#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 two-year high. 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. Currently, the total USDC in circulation is 44.3 billion, with reserves of approximately $44.4 billion, including approximately $6.5 billion in cash and approximately $37.9 billion held by the Circle Reserve Fund.
Ace Hot Topic Analysis
Analysis
USDC market capitalization recently hit a two-year high, surpassing $45 billion. This is mainly due to the USDC Treasury minting over 200 million USDC 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. As of now, the total USDC in circulation is 44.3 billion, with reserves of approximately $44.4 billion, including approximately $6.5 billion in cash and $37.9 billion held by the Circle Reserve Fund. The continued rise in USDC market capitalization reflects the growing demand for stablecoins in the market and investor confidence in USDC as a safe and reliable asset.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
USDC market cap surpasses $45 billion, a new high in nearly two years
USDC circulation increased by approximately 900 million in the past 7 days
USDC reserves are approximately $44.4 billion, of which $6.5 billion is cash and the Circle Reserve Fund holds approximately $37.9 billion
USDC Treasury minted over 200 million USDC in the past 24 hours