USDC market cap is up 80% from 2023 lows

January 2, 2025 Coin Telegraph

Circle

The stablecoin is also more widely distributed across blockchain networks.

The circulating supply of Circle’s United States dollar-backed stablecoin USDC (USDC) has risen 80% from cyclical lows as onchain activity picks up, according to data from Blockworks Research.

As of Jan. 2, USDC’s circulating supply is approaching $44 billion, nearly double the 2023 low of less than $24 billion, according to CoinGecko.

Meanwhile, holdings are more evenly distributed among blockchain networks as users migrate beyond Ethereum, Blockworks’ data analytics manager, Dan Smith, said in a Jan. 2 post on the X platform.

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Solana adds $1B worth of stablecoins in December

December 31, 2024 Coin Telegraph

Solana adds B worth of stablecoins in December

Coin Telegraph

The network now holds approximately $5 billion worth of stablecoins, mostly made up of USDC.

Solana onboarded an additional $1 billion in stablecoin total value in December, primarily in USD Coin (USDC), according to data from DefiLlama.

The inflows highlight accelerating stablecoin adoption and the Solana network’s rise to prominence in 2024, particularly in decentralized finance (DeFi).

Solana now hosts approximately $5 billion in stablecoin total value locked (TVL), with nearly $4 billion of that comprising USDC, according to the data.

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Stablecoin predictions for 2025: What’s next for the $200B market?

December 24, 2024 Coin Telegraph

Stablecoin predictions for 2025: What’s next for the 0B market?

Circle

Crypto industry executives share with Cointelegraph what they expect for the now $200 billion stablecoin market next year.

Crypto stablecoins have seen massive successes in 2024, with the fiat currency pegged assets reaching an all-time high circulating supply of over $200 billion in December.

Stablecoins — cryptocurrencies designed to mimic the value of a currency, most popularly the US dollar — are an integral part of the crypto ecosystem and account for 5% of the crypto market value.

With 2025 approaching, Cointelegraph has rounded up the industry’s forecasts and predictions on what key stablecoin trends to expect next year.

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Ethereum layer 2s hold $13.5B stablecoin supply

December 20, 2024 Coin Telegraph

Ethereum layer 2s hold .5B stablecoin supply

Coin Telegraph

Ethereum layer-2 networks now lock over $13.5 billion in stablecoins, driving total market capitalization to $205 billion.

Stablecoins locked onto Ethereum layer-2 networks have reached a new all-time high, showcasing rising demand for cryptocurrencies.

The stablecoin supply to all blockchains combined is dominated by Tether (USDT), USD Coin (USDC) and Ethena’s stablecoin, USDe.

As of Dec. 20, the Ethereum blockchain held $13.5 billion worth of stablecoins, according to data from Tie Terminal, a crypto data platform for institutions and Cointelegraph Markets Pro. The overall stablecoin circulation crossed $205 billion, showing the ecosystem’s growing relevance in real-world use cases.

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Stablecoins Should Become Mass Export Product of the US, Says Circle CEO Jeremy Allaire

December 18, 2024 The Daily Hodl

Altcoins

The chief executive of stablecoin issuer Circle says that dollar-pegged digital assets should become a mass export product of the United States. In a new interview on CNBC Television, Circle CEO Jeremy Allaire says that the US should promote “full reserve digital dollars” as a means of preserving the value of the US dollar. Allaire […]

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Binance and Stablecoin Issuer Circle Announce Strategic Partnership To Boost Adoption of USDC

December 12, 2024 The Daily Hodl

Altcoins

Leading crypto exchange Binance and stablecoin issuer Circle are teaming up to expand the adoption of USDC. In a statement, Binance says the strategic partnership, which was announced at the Abu Dhabi Finance Week on Wednesday, will make USDC more available across its suite of products and services. The exchange says the collaboration will enable […]

The post Binance and Stablecoin Issuer Circle Announce Strategic Partnership To Boost Adoption of USDC appeared first on The Daily Hodl.

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Coinbase Will Surpass Charles Schwab As Most Valuable Brokerage in the World, According to Bitwise – Here’s Why

December 12, 2024 The Daily Hodl

BASE

Crypto asset manager Bitwise says that top US-based crypto exchange Coinbase will usurp Charles Shwab as the world’s most valuable brokerage. In a new report, Bitwise says it envisions Coinbase’s stock (COIN) reaching a price tag of $700 in 2025 – more than double its current price – making it surpass financial services titan Charles […]

The post Coinbase Will Surpass Charles Schwab As Most Valuable Brokerage in the World, According to Bitwise – Here’s Why appeared first on The Daily Hodl.

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Stablecoins Becoming Increasingly Viable as Staking Collateral, Research Shows

December 11, 2024 Bitcoin.com

bitcoin.com

The research, which focuses on Circle’s USDC stablecoin, is part of a series of posts on restaking by crypto research firm Gauntlet. USDC Provides Unique Benefits as Restaking Collateral Restaking – the practice of staking cryptocurrencies like ether (ETH) on multiple protocols to generate additional yield – can now be accomplished with ERC20 tokens, including […]

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USDC Becomes First Stablecoin To Gain Compliance With New Canadian Crypto Asset Requirements

December 6, 2024 The Daily Hodl

Altcoins

Circle announced this week that USDC became the first stablecoin to gain compliance with new Canadian digital asset regulations. Canada’s new regulations call for delisting noncompliant stablecoins after December 31st. Circle’s compliance means USDC, which aims to maintain a 1:1 peg with the US dollar, can trade on crypto exchanges in the Canadian market, according […]

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Circle says USDC is first stablecoin to meet Canada’s new listing rules

December 6, 2024 Coin Telegraph

Canadian Securities Administrators

Non-compliant stablecoins listed on Canadian-registered crypto platforms will be required to be delisted by Dec. 31, 2024.

Stablecoin issuer Circle says its United States-dollar pegged token has become the first of its kind to comply with incoming listing rules set out by Canada’s securities regulator — allowing it to continue to be listed on licensed crypto trading platforms in 2025.

Circle USD (USDC) met all requirements laid out in the Canadian Securities Administrators’ (CSA) Value-Referenced Crypto Asset (VCRA) regime, the firm said in a Dec. 4 statement.

A VRCA is a crypto asset that is designed to maintain a stable value over time by referencing the value of a fiat currency or any other value or right, or combination thereof.

USDC

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