Record increase in USDC usage on the Ethereum network
The USDC token on the Ethereum network has seen unprecedented usage, reaching its peak this month in May.
According to recent data:
• The circulating supply of USDC: approximately $40 billion
• Monthly transaction volume: exceeded $635 billion
• Monthly transactions: over 7.2 million
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This remarkable growth reflects the increasing confidence in using USDC as a stable means of payment and transfer within the decentralized finance (DeFi) system and on blockchain networks.