#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 over the past 7 days, USDC circulation has increased by approximately 900 million, bringing the total circulation to 44.3 billion. The reserve is approximately $44.4 billion, with $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. Data shows that in the past 7 days, Circle has issued approximately 3 billion USDC and redeemed approximately 2.1 billion USDC, 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 approximately $6.5 billion in cash and approximately $37.9 billion held by the Circle Reserve Fund. The growth in USDC market capitalization indicates its increasing popularity as a stablecoin and reflects the continued growth in market demand for stablecoins.
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 the market cap growth.
Over the past 7 days, USDC circulation has increased by approximately 900 million, primarily due to new USDC issuance 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.