Analysis
USDC’s Market Capitalization on Ethereum Network Crosses $40 Billion and Overtakes Tether
Circle’s USD Coin (USDC) has already reached a major milestone by surpassing Tether (USDT) in total supply on the Ethereum network.
Since then, USDC‘s supply has now surpassed $40B and is continuing to grow.
The current total supply for USDC is $50.9B across 32 chains and layer-two solutions. USDC is mostly used in DeFi and is one of the highest volume assets trading on DEXs.
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