“Thanks to the development of the blockchain infrastructure and the clarification of the legislation, 2024 has become a positive year for the USDC, experts of the co-issuer of the coin – the company Circle – noted in the annual report. Compared to 2023, asset turnover increased by 78%. The total volume of stablecoin transactions since its launch has exceeded $20 trillion. In November 2024, the monthly figure reached a record of $1 billion. USDC has ensured the transfer of over $850 billion from fiat to the blockchain ecosystem. As of January 2025, the asset […]”, — write: businessua.com.ua
Thanks to the development of the blockchain infrastructure and the clarification of legislation, 2024 has become a positive year for USDC, experts of the co-issuer of the coin — the company Circle — noted in the annual report.
Compared to 2023, asset turnover increased by 78%. The total volume of stablecoin transactions since its launch has exceeded $20 trillion. In November 2024, the monthly figure reached a record of $1 billion.
USDC has ensured the transfer of over $850 billion from fiat to the blockchain ecosystem. As of January 2025, the asset is supported by 16 networks.
According to the report, the stablecoin is available to 500 million users in 180 countries around the world. Thanks to the strategic partnership with the Binance exchange, the potential audience of the asset increased by another 250 million people.
The Circle Cross-Chain Transfer Protocol (CCTP) cross-chain transfer system has processed more than $20 billion in USDC transactions between supported networks.
Circle became the first issuer of “stable coins” that meets the requirements of European MiCA regulations and listing rules in Canada.
In October 2024, EURC, the euro equivalent of USDC, became the largest such stablecoin by the number of coins in circulation. Its weekly volume of transactions exceeded $1 billion.
The company also emphasized that USDC is used by a number of the world’s leading financial companies, including Mastercard, MoneyGram, Nubank, Standard Chartered and Stripe.
We will remind, according to Tether data, as of the fourth quarter of 2024, the number of USDT owners was 109 million.
The source