$USDC The market capitalization of USDC has surpassed 35 billion US dollars as its adoption by institutions accelerates - Here’s why this currency is succeeding
The USDC currency from Circle is experiencing a strong comeback, with its supply increasing by **22% in 30 days** as Visa, Shopify, and BlackRock adopt dollar-pegged stablecoins for payments and settlements. Key developments driving demand:
🔥 **Why institutions are piling into USDC:**
✔ **Visa's stablecoin settlement volume** reaches 3.2 billion dollars monthly (90% of which is USDC)
✔ **BlackRock's BUIDL fund** is now using USDC for 24/7 treasury operations
✔ **FedNow pilot program** is secretly testing USDC for interbank transfers
✔ Circle is applying for a **French MiCA license** to dominate the stablecoin market in the European Union
**Market impact:**
• USDC's dominance has risen to **28% of the stablecoin market** (up from 21% in January)
• Decentralized finance protocols reported a **300% increase** in liquidity mining
