Stablecoin Demand Pushes USDC to $56B

USDC Reaches Record Market Cap Over $56 Billion

• USDC’s market capitalization rose to over $56 billion this week.
• The stablecoin added $10.2 billion to its market cap in the past month.
• USDT, USDC’s main competitor, grew by $4.6 billion in the same period.
• USDT remains the largest stablecoin with a $142 billion market cap.
• USDC has fully recovered from the 2023 U.S. regional-banking crisis.

The recent surge in USDC’s market capitalization, adding $10.2 billion within a month, highlights its recovery and growing demand compared to USDT’s $4.6 billion growth during the same timeframe.