USDC Breaks Through $60 Billion Market Cap: A Signal of Growing Stablecoin Dominance

Circle’s USD Coin (USDC) has reached a new milestone, surpassing $60 billion in market capitalization. This surge reflects the increasing demand for on-chain dollars within the cryptocurrency ecosystem. As the stablecoin market as a whole hit record levels, exceeding $230 billion in total market cap, USDC’s impressive growth indicates a wider shift towards stablecoins as a crucial part of the digital economy.