1 yr
๐ USDC Stablecoin Sees Impressive Growth and International Expansion ๐น ๐ Report Highlights USDCโs Market Surge: Circleโs stablecoin, USDC, has seen significant growth, reaching a market valuation of over $28 billion, supported by its expansion into international markets, as outlined in a recent report from Coinbase. ๐ ๐ Driving Forces of USDCโs Emergence: Despite facing turbulence with the now-defunct Silicon Valley Bank (SVB) and briefly losing its one-to-one dollar peg, USDC stabilized and grew with Coinbaseโs market maker incentive program and international exchange, alongside partnerships in Asia. ๐ผ ๐ Global Adoption of USDC: USDCโs growth outpacing that of USDT hints at a...
