USD Coin (USDC), the second largest stablecoin by market capitalization, has reached a supply of 50 billion in circulation, bringing its market share among stablecoins to approximately 30%.
CoinGecko Circle, whose circulating supply has reached 50 billion USDC according to data, has passed an important milestone. Co-founder and CEO of the development company Jeremy Allaire by February 1 It was announced with a series of posts on its official Twitter account.
50 billion USDC Although it is a large amount, around the main event huge growth and ecosystem stating that Circle CEO Allairestablecoin only 2021 in the year on-chain in transactions $2.5 trillion has volume and 4.6 million active users stated that it has arrived. Allaire, 8 different blockchains working on and 200+ blockchain protocols supported by USDCof, It is traded on 180 different exchanges in 34 countries. told.
Ecosystem leader by data Tether (USDT) total 177 billion stablecoin supply 45%′while meeting its share of Circle 29.4%It has a market share of . Tether, 2021 of the year January per month 74%while having dominion Circle If the total supply is only 16%was meeting it. 2021 in the year Circle‘s market value 987% increased. The biggest competitor Tether in the same time interval 275% showed growth.
