#USDC Market Cap Sees Significant Growth#
Hot Topic Overview
Overview
USDC market capitalization has surged recently, growing by 11.23% in the past 7 days, reaching $508.63 billion. This is largely due to a significant increase in USDC issuance, especially since Trump announced the issuance of cryptocurrency. Circle has issued 2.5 billion USDC on the Solana chain in 4 days and added another $2.9 billion overnight. In addition, USDC Treasury has issued over 71 million USDC in the past two hours. The growth of USDC market capitalization has also driven the growth of the total stablecoin market capitalization, which has now exceeded $210 billion, setting a new record high.
Ace Hot Topic Analysis
Analysis
The recent surge in USDC market capitalization can be attributed to multiple factors. Firstly, the total stablecoin market capitalization has been steadily climbing, surpassing $210 billion. USDC's market cap has increased by 11.23% in the past 7 days, reaching $508.63 billion. Secondly, the issuance of USDC has increased significantly. In the past 4 days, Circle has minted 2.5 billion USDC on the Solana chain. The news of the SEC forming a crypto task force has also stimulated the issuance of USDC, adding $2.9 billion overnight. Additionally, USDC Treasury has minted over 71 million USDC on the Ethereum chain, further indicating the rapid growth in USDC issuance. These factors have collectively driven the surge in USDC's market capitalization, reflecting the rising confidence and demand for USDC in the market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
USDC market cap is growing rapidly, up 11.23% in the past 7 days to reach $508.63 billion.
USDC issuance has increased significantly, possibly fueled by news of the SEC forming a cryptocurrency task force and the TRUMP coin event.
USDC Treasury has issued a large amount of USDC on the Ethereum chain, indicating its positive response to market demand.
USDC issued 2.5 billion tokens on the Solana chain, showcasing its expansion strategy across different blockchains.