$USDC
News: Significant developments related to USDC have occurred:
Increase in USDC market share:
In February 2025, USDC increased its market share to 25.5%, nearing the leadership of USDT, which saw a decrease in its share. This growth is attributed to Circle's regulatory compliance and the expansion of the DeFi ecosystem on networks such as Solana.
Record market capitalization:
In February 2025, USDC's market capitalization reached an all-time high of $56.2 billion, highlighting its resilience and the growing confidence in stablecoins.
Conversion of excluded tokens to USDC by Binance:
In August 2024, Binance announced the conversion of certain excluded tokens to USDC, with the process completed on March 1, 2025. This measure aims to optimize the platform's supply and reflects a trend toward consolidation in the cryptocurrency market.
These events highlight the evolution and growing adoption of USDC in the cryptocurrency market in the months leading up to March 8, 2025.
