Circle surpasses its own stablecoin: market capitalization already exceeds the circulating supply of $USDC .✨✨✨
#BinanceHODLerSAHARA Less than a month after its historic IPO, Circle, the issuer of the stablecoin USD Coin (USDC), has reached an unexpected milestone: its market capitalization has surpassed the total value of its circulating stablecoin. This is an uncommon phenomenon in the crypto ecosystem, where stablecoin issuers rarely exceed the value of their own coins.
The current circulating supply of USDC is around 61.270 billion dollars, while Circle already boasts an estimated market capitalization of 66.900 billion dollars, according to figures from Yahoo Finance.
What is behind the market enthusiasm?
The enthusiasm surrounding Circle is not only due to its current numbers but also to its strategic role in the evolution of digital payments. With USDC gaining traction as a rapid settlement medium in financial markets, Web3 platforms, and global fintechs, Circle positions itself as one of the pillars of a new monetary infrastructure based on blockchain.