USDC market capitalization up 80% since low

The market capitalization of stablecoin USD Coin (USDC) has increased by more than 80% compared to 2023, News1 reported.
According to reports, on the 2nd (local time), USDC's market capitalization reached $44 billion.
This is nearly double the lowest value recorded in three years ($24 billion, approximately 3.7716 trillion yen). 65% of USDC is circulated on the Ethereum (ETH) network, and 10% on Solana (SOL).
Additionally, BASE, Arbitrum (ARB), and HyperLiquid (HYPE) accounted for 15% of USDC in circulation.
The market capitalization of USDC is expected to grow even more this year.
"USDC's market capitalization will more than double this year, reaching about $100 billion," he said. "The increased adoption of stablecoins is a result of decentralized financial services.
This is a positive development for the DeFi ecosystem."