Ethereum’s DeFi-Enabled Stablecoin Success: Circle’s $10 Billion Investment Fuels Scalability

Circle has deployed a significant portion of USDC ($10 billion) onto Ethereum Layer 2 networks, including Arbitrum, Base, and Polygon. This action contributes to increased scalability for the stablecoin, resulting in faster transaction speeds and reduced congestion on the main Ethereum network. As a result, Ethereum’s dominance in USDC circulation remains strong, holding over half of the stablecoin’s supply ($36.7 billion) despite growing adoption across Layer 2 solutions.