USDC Circulation Surges 78% in 2024 Amid Regulatory Changes
- USDC circulation grew by 78% year-over-year, reaching over 500 million users globally.
- Monthly transaction volume exceeded $1 trillion in November 2024, with total transactions surpassing $20 trillion.
- USDC’s market cap increased from about $42 billion to nearly $46 billion, a rise of over 9.5%.
- EURC, USDC’s euro equivalent, hit over $1 billion in weekly transfer volume.
- Circle’s Cross-Chain Transfer Protocol processed over $20 billion in USDC transactions across multiple blockchains.
USDC’s circulation and transaction volumes have significantly increased, with its market cap rising by more than 9.5%, reflecting its growing adoption and compliance focus amid evolving regulations.
