#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 growth is primarily attributed to the minting of over 200 million USDC by USDC Treasury in the past 24 hours. Data shows that over the past 7 days, USDC circulation has increased by approximately 900 million, bringing the total circulation to 44.3 billion. USDC reserves are approximately $44.4 billion, with approximately $6.5 billion in cash and $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. According to official data, Circle issued approximately 3 billion USDC and redeemed approximately 2.1 billion USDC in the past 7 days, resulting in a net 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 $37.9 billion held by the Circle Reserve Fund. The growth in USDC market capitalization indicates a continued increase in investor demand for stablecoins, likely driven by increased interest in cryptocurrencies and investors seeking safe-haven assets.
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, indicating continued market demand for USDC.
USDC reserves are ample, with approximately $6.5 billion in cash and $37.9 billion held by the Circle Reserve Fund, ensuring its stability.