Rosenblatt has recommended buying the dip in
Coinbase, citing the growth of the
USDC stablecoin. Coinciding with this, the
USDC stablecoin supply has surpassed its previous record, now topping the
$60 billion market cap.
The Defiant reports that this recent growth reflects increased institutional interest in the
stablecoin industry.
Circle’s USDC has been noted as it outpaced
USDT in recent growth rate. The
stablecoin has received approval for use in
Japan and there’s growing speculation around a notable
USDC deposit made into
Hyperliquid. This comes as
Circle plan to launch the
USDC stablecoin in Japan in the near future.
USDC also reached a significant milestone surpassing
$60 billion in
Market Capitalization. Meanwhile,
Fidelity is preparing to compete with
USDT and
USDC with its own stablecoin, while
Circle is also ramping up
IPO plans amid this growing demand. Expansion efforts include partnering with companies such as
Binance and
SBI for boosting
USDC adoption in Japan and elsewhere.
USDC has also been integrated into
GCash, a mobile wallet in the
Philippines, offer access to millions of users in the country.
Aptos mainnet launch further impacted
USDC performance positively against
Tether’s USDT.
USDC also seems to be prevailing in the Ethereum's stablecoin dominance as it along with
USDT drives $850 billion in volume.
USDC Coin News Analytics from Tue, 20 Aug 2024 07:00:00 GMT to Wed, 26 Mar 2025 21:32:28 GMT -
Rating 8
- Innovation 8
- Rumor 6
