$USDC According to data from CryptoQuant, the total value of stablecoins denominated in USD reached a record level of 200 billion dollars in January 2025, marking an increase of 37 billion since November 2024. This growth was primarily driven by major stablecoins such as Tether's USDT and Circle's

Regulatory impact: Due to USDC being regulated and backed by reserves,

Market sentiment: An increase in USDC dominance may indicate risk-averse behavior, while a decrease in usage suggests confidence in volatile assets.