#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. The reserve is 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 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. According to official data, Circle issued approximately 3 billion USDC and redeemed approximately 2.1 billion USDC in the past 7 days, 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. The growth in USDC market capitalization reflects the increasing 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 hits a two-year high, surpassing $45 billion
USDC Treasury minted over 200 million USDC in the past 24 hours, driving market cap growth
USDC circulation increased by approximately 900 million in the past 7 days, primarily driven by new minting
USDC reserves are ample, with approximately $65 billion in cash and $379 billion held by the Circle Reserve Fund