USDC hits $60B market cap – Is the stablecoin closer to flipping USDT?
Portfolio Pulse from
Circle's USDC stablecoin has reached a record $60.2 billion market cap, doubling from $30 billion in March 2024. The cryptocurrency has added $16.60 billion in the past three months, outpacing Tether's growth. USDC is expanding into Japan and improving cross-chain transfer speeds, positioning itself as a strong competitor in the stablecoin market.
March 26, 2025 | 7:15 pm
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POSITIVE IMPACT
USDC's improved cross-chain protocol includes Avalanche, potentially increasing transaction efficiency and blockchain utility.
USDC's enhanced cross-chain capabilities directly involve Avalanche, suggesting potential increased network activity and developer interest.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
USDC's upgraded cross-chain protocol includes Ethereum, potentially enhancing transaction speeds and network utility.
Improved USDC cross-chain transfers on Ethereum could increase network attractiveness and transaction volumes.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70