{"id":43072,"date":"2021-05-24T17:39:08","date_gmt":"2021-05-24T14:39:08","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=43072"},"modified":"2025-08-31T02:00:22","modified_gmt":"2025-08-30T23:00:22","slug":"usdc-market-capitalization-surpasses-20-billion","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/usdc-market-capitalization-surpasses-20-billion\/","title":{"rendered":"USDC market capitalization surpasses $20 billion"},"content":{"rendered":"<p>The market capitalization of the USD Coin (USDC) stablecoin from the Centre consortium rose above $20 billion. Since January 2021 the metric has risen sixfold.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">20 Billion USDC in circulation. 500% growth since Jan 1. USDC now 8th largest cryptocurrency. Let\u2019s go! <a href=\\\"https:\/\/t.co\/k25TbbQZuv\\\">pic.twitter.com\/k25TbbQZuv<\/a><\/p>\n<p>\u2014 Jeremy Allaire (@jerallaire) <a href=\\\"https:\/\/twitter.com\/jerallaire\/status\/1396462740223533056?ref_src=twsrc%5Etfw\\\">May 23, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>USDC ranks eighth in CoinGecko with a total market value of $20.55 billion. The $10 billion mark was <a href=\"https:\/\/u1f987.com\/en\/news\/usdc-market-supply-tops-10bn\">surpassed<\/a> in March 2021. It is the second-largest by market capitalization among stablecoins.<\/p>\n<p>According to <a href=\\\"https:\/\/www.theblockcrypto.com\/data\/decentralized-finance\/stablecoins\\\" target=\\\"_blank\\\" rel=\\\"noreferrer noopener nofollow\\\">TheBlock<\/a>, the aggregate market capitalization of the stablecoin market is estimated at $98.76 billion. USDC&#8217;s share of the total supply stands at 20.25%. The dominance index of the segment&#8217;s perennial leader \u2014 Tether (USDT) \u2014 is at 62.58%.<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"762\\\" height=\\\"399\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/usdc-2.png\\\" alt=\\\"USDC market cap surpasses $20B\\\" class=\\\"wp-image-136442\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/usdc-2.png 762w, https:\/\/u1f987.com\/wp-content\/uploads\/usdc-2-300x157.png 300w\\\" sizes=\\\"auto, (max-width: 762px) 100vw, 762px\\\" \/><figcaption>USDC&#8217;s share of the total stablecoin supply. Data: TheBlock.<\/figcaption><\/figure>\n<p>On May 24, Tether&#8217;s market capitalization surpassed $60 billion. In May 2020 the figure stood at $8 billion \u2014 over the year it grew nearly sevenfold.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Tether has just surpassed a $60B market cap!<br \/>In May 2020, <a href=\\\"https:\/\/twitter.com\/hashtag\/Tether?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Tether<\/a> tokens&#8217; market cap was $8B, now a year on we&#8217;ve seen an increase of 581% and demand for Tether token use higher than ever for both trading and retail adoption! <a href=\\\"https:\/\/t.co\/7EPeBAEfFh\\\">pic.twitter.com\/7EPeBAEfFh<\/a><\/p>\n<p>\u2014 Tether (@Tether_to) <a href=\\\"https:\/\/twitter.com\/Tether_to\/status\/1396754174126313477?ref_src=twsrc%5Etfw\\\">May 24, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Earlier ForkLog wrote that <a href=\"https:\/\/u1f987.com\/en\/news\/usdc-market-supply-tops-10bn\">USDC issuance pace<\/a> surpassed the metrics of USDT.<\/p>\n<p>In February 2021 the Centre-issued stablecoin <a href=\"https:\/\/u1f987.com\/en\/news\/usdc-stablecoin-launches-on-the-stellar-blockchain\">launched on the Stellar blockchain<\/a>. The asset is also available on Ethereum, Algorand and <a href=\"https:\/\/u1f987.com\/en\/news\/usdc-stablecoin-launched-on-the-solana-blockchain\">Solana<\/a>.<\/p>\n<p>In May, the fintech startup Tala said that, in collaboration with the payment system Visa <a href=\"https:\/\/u1f987.com\/en\/news\/tala-teams-up-with-visa-and-circle-to-let-customers-pay-with-usdc\">will allow customers to use USDC<\/a> to pay for goods and services.<\/p>\n<p>Subscribe to ForkLog news on <a href=\\\"https:\/\/vk.com\/forklogcom\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>USDC market capitalization of the USD Coin (USDC) from the Centre consortium rose above $20 billion. Since January 2021 the figure has risen sixfold.<\/p>\n","protected":false},"author":1,"featured_media":43073,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[807,1245,910],"class_list":["post-43072","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-stablecoins","tag-tether-usdt","tag-usdc"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=43072"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43072\/revisions"}],"predecessor-version":[{"id":43074,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43072\/revisions\/43074"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/43073"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=43072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=43072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=43072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}