USDC Hits $60 Billion! Is This the Next Big Thing or Just Another Bubble? 🤔💸

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So, USDC just hit a whopping $60 billion market cap. Wow, right? I mean, who knew digital coins could actually do something? It’s like finding out your neighbor’s cat is a world-class pianist. 🎹

USDC Supply Hits $60.2 Billion, a 100% Year-Over-Year Increase

On this fine Wednesday, USDC’s supply has skyrocketed to $60.21 billion. That’s a 100% increase from last year’s measly $30 billion. I mean, what were they doing last year? Playing Monopoly? This surge has pushed the stablecoin market cap over $230 billion. It’s like a new peak, but let’s be honest, it’s just a bunch of numbers on a screen. 📈

Ethereum Dominates USDC Distribution Across Blockchains

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Ethereum is still the big cheese in the USDC distribution game, holding $36 billion. Solana is trailing behind with a measly $10 billion. And then there are the other blockchains like Base, Hyperliquid, Arbitrum, and Berachain, which sound like names of fancy cocktails. 🍹

Circle Expands USDC’s Reach with New Partnerships and Infrastructure Upgrades

Circle is out there making moves, partnering with SBI VC Trade to launch USDC in Japan. Because, you know, Japan needed another way to spend money they don’t have. And they’re upgrading USDC on Ethereum’s Layer 2 blockchain. It’s like they’re trying to make it fancy. 🥂

To make things even more exciting, Circle has rolled out a new cross-chain transfer protocol. They’ve cut transfer times from minutes to seconds. I mean, who has time to wait? It’s not like we’re all just sitting around twiddling our thumbs, right? 🙄

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2025-03-26 16:11