$USDC
$USDC currently has a circulating supply of about $76 billion โ a record high.
ABC Money
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It remains tightly pegged to the U.S. dollar, holding its peg with minimal volatility even amidst market stress.
CoinDesk
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The stablecoin continues to expand across multiple blockchains and DeFi platforms, reinforcing its role as a core liquidity and utility token in crypto markets.
ABC Money
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๐ Whatโs Fueling USDCโs Growth
Growing demand: A big batch of $250 million USDC was minted recently, signalling renewed inflows from institutions or whales seeking stable-dollar exposure.
CryptoRank
Market conditions: With broader crypto volatility and macroeconomic uncertainty, many investors and platforms are turning to stablecoins like USDC as a safe harbor. This has bolstered USDCโs adoption in trading, remittance, and DeFi.
ABC Money
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ABC Money
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Institutional & cross-chain expansion: Issuer Circle continues to deepen integrations โ USDC now runs on dozens of blockchains, making transfers, payments, and DeFi access smoother globally.
ABC Money
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โ ๏ธ Risks and Considerations
Revenue headwinds: Because USDCโs reserves are often placed in interest-bearing instruments (like Treasuries), recent rate cuts by the Federal Reserve could reduce income from reserves โ which (indirectly) may impact issuer profitability.
CoinDesk
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Competitive pressure: New stablecoins and evolving regulation may erode some of USDCโs dominance among fiat-backed tokens.
Cointribune
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Macro & regulatory risk: As stablecoins become more entwined with traditional finance, they may face greater scrutiny โ which could influence liquidity, redemption policies or institutional adoption over time.
CoinDesk
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