2025 U.S.D.C. Economy Report, a notable achievement from Circle (a leading fintech company based in the U.S.), is released. This report showcases an impressive series of achievements made by USDC stablecoin across multiple aspects such as trading activity, user base growth, system integrations, and compliance with regulations in various geographical regions.
USDC by Circle becomes fastest-growing stablecoin of 2024, new report says
2024 saw the total transaction volume of USDC stablecoin surpass an equivalent value of $20 trillion. Interestingly, during the surge on cryptocurrency markets in November alone, USDC managed to process a staggering $1 trillion worth of transactions over a 30-day period, as per a report by Circle.
🌐 Examining the 2025 USDC Economic Report!
The USDC platform has showcased its robustness as a dominant force in global financial access.
Delve into the significant achievements from the last year:
Circulation of USDC increased by 78% compared to the previous year, surpassing…
— Circle (@circle) January 14, 2025
USDC’s circulating supply increased by 78% annually, making it the fastest-expanding major stablecoin in the crypto market. It ranks as the second USD-tied asset with the highest market capitalization and is the seventh largest altcoin. Its total value has surpassed $45 billion, while its main competitor, USDT by Tether, holds a market cap of $137 billion.
1 USDC, a popular digital currency, is accessible to over 500 million users globally and supports cryptocurrency operations in more than 180 countries and territories worldwide. The Cross-Chain Transfer Protocol (CCTP) has enabled transactions worth over $20 billion in USDC across various leading and secondary blockchains.
Currently, the USDC digital currency is being issued on 16 different platforms such as Algorand, Arbitrum, Avalanche, Base, Celo, Ethereum, Hedera, NEAR, Noble, OP Mainnet, Polkadot, Polygon PoS, Solana, Stellar, Sui, and ZKsync. Additional agreements for minting USDC are in progress on other networks as well.
According to the report, you can easily access USDC in a variety of well-known centralized and decentralized financial technologies, such as Coinbase, Moneygram, Stripe, dYdX, Nubank, and others.
Circle bets big on USDC regulatory compliance
2024 saw several significant regulatory compliance benchmarks for USDC. In the face of growing regulatory scrutiny, USDC achieved regulatory compliance in the European Union (EU) and Canada.
Circle becomes the initial significant worldwide stablecoin emitter to adhere to the European Union’s MiCA regulatory framework, marking a milestone as the very first stablecoin issuer to comply with Canadian listing standards.
Previously mentioned by U.Today, a significant American fintech company, Ripple, launched its stablecoin, Ripple USD (RLUSD), in December 2024. This launch received approval from the New York Department of Financial Services.
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2025-01-15 17:35