The market capitalization of the stablecoin USD Coin ($USDC ) has increased by 80% from the minimum values of 2023, reaching nearly $44 billion. This was stated by researchers from the analytics company Into The Block. In their expert opinion, this growth is directly linked to the increase in on-chain activity and the expansion of USDC usage across various blockchain networks.$BTC
Earlier, in 2023, the market value of USDC decreased by 45% due to the collapse of Silicon Valley Bank. However, by 2024, the stablecoin demonstrated a confident recovery, increasing its total capitalization by 78% compared to the previous year.
Currently, about 65% of USDC is on the #Ethereum network, 10% is on #Solana , and the remaining 15% is distributed among Base, Arbitrum, and Hyperliquid. According to experts, this indicates a growing interest in alternative networks and decentralized applications among members of the cryptocurrency community.
Analysts predict that by 2025 the market capitalization of the cryptocurrency could double, reaching $100 billion. It is expected that European users will increasingly choose USDC as an alternative to other stablecoins after the adoption of regulatory laws #MiCA and the exit of Tether (USDT) from local markets.$TRB
The rise in the popularity of USDC also contributes to the development of decentralized finance (#DeFi ), where stablecoins play a key role. The increased usage of this asset is likely to lead to further expansion of the DeFi ecosystem and attract new users. Thus, USDC continues to strengthen its position in the market, reflecting the trend toward broader acceptance of digital currencies across various sectors of the economy. According to CMC, the total market value of USDC is currently $52.96 billion.
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