As of April 2025, the market value of USDC is approximately 60 billion USD, accounting for 26% of the stablecoin market, ranking second globally (only behind USDT). Its growth drivers include:

• Institutional Preference: Institutions such as BlackRock and JPMorgan have included it in digital liquidity funds and payment systems, promoting the compliance process.

• Cross-Border Payment Demand: Compared to traditional bank transfers, USDC settlement is 3 days faster and costs 80% less, with monthly transaction volume surging 700% in high inflation areas like Argentina.

• DeFi Ecosystem Expansion: 60% of DeFi trading pairs use USDC as the quote currency, becoming a core asset in scenarios like lending and liquidity mining.