USDC Market Value May Exceed $370 Billion by 2029: Circle Payment Network and Stablecoin Market Drive Dual Engines!
Artemis Founder: USDC Market Value May Exceed $370 Billion by 2029
Jon Ma, founder of the cryptocurrency data platform Artemis, posted on the X platform predicting that the market value of USDC will exceed $370 billion by 2029. This prediction is based on the growth trend of the stablecoin market and an analysis of USDC's market share.
Key Prediction One: Circle Payment Network (CPN) Revenue Potential
Jon Ma has added Circle Payment Network (CPN) as a revenue item for Circle. He estimates:
· By 2029, the B2B payment market size will exceed $570 billion;
· If 20% of this is processed through CPN, Circle will collect a commission income of 0.1%.
Key Prediction Two: Stablecoin Market Growth and USDC Share
Jon Ma also analyzed the future of the stablecoin market:
· By 2029, the total supply of stablecoins is expected to grow by 30% year-on-year, reaching $1.2 trillion;
· USDC is expected to capture 28.5% of the market share, which will drive its market value to exceed $370 billion, a year-on-year increase of 32%.
Based on the expansion of the B2B payment market and the rapid growth of the stablecoin industry, Jon Ma is optimistic about USDC's future performance and expects its market value to achieve significant breakthroughs by 2029.
