$USDC $USDC

USD Coin (USDC), the second-largest stablecoin by market capitalization, has seen significant growth in 2024, with its market cap rising by 78% to around \$44 billion. This surge is driven by increased blockchain adoption and broader network diversification.

USDC, once mostly on Ethereum, now spans Ethereum (65%), Solana (10%), and Layer 2 solutions like Arbitrum and Base (15%). Beyond crypto trading, USDC supports cross-border payments and DeFi, and serves as a hedge against fiat volatility. In Q1 2025, stablecoin transactions hit \$1.8 trillion, with USDC central to this. Analysts expect its supply could double by late 2025, pending regulatory clarity.