Company Updates USDC

USDC Market Cap Grows to $25 Billion

USDC Market Cap Grows to $25 Billion

Alex Behrens Alex Behrens June 23, 2021

We’re excited to share that the USDC market cap is now greater than $25 billion, and USDC has facilitated transactions worth more than $700 billion. USDC remains the fastest-growing dollar digital currency, rising from less than $950 million a year ago to more than $25 billion in circulation today.

USDC-25B

Since the last update after hitting $15 billion just 43 days ago, we’ve announced global partnerships with FTX and Matrixport, helping give crypto traders around the world on- and off-ramps from traditional banking services into USDC and back again using Circle APIs.

Through our global partnership with Maps.me, we’ve helped offer USDC and access to the digital economy to millions of new users, with near-instant payments to more than 35 countries around the world using blockchain technology.

During that time, USDC in circulation grew an average of more than $230 million per day.

We’ve also launched early access of Circle Yield*, offering qualified customers yields of up to 6%** on fixed-term deposits of USDC. Circle Yield is a great way for businesses to put idle capital to work, taking advantage of digital asset capital markets without the volatility of other cryptocurrencies. Join the Circle Yield waitlist today.

Circle and USDC are adding new users every day, and dollar digital currencies are helping businesses around the world bridge the gap between interacting with traditional financial infrastructure and the added speed and security of global blockchain technology. 

Get started with a Circle Account, the command center for the full suite of transaction and treasury management APIs.

Thank you for your support, and here’s to the next $25 billion!

 

*Offering subject to business approval, geographical availability, and regulatory authorization, and there is no guarantee that the product will become available in a specific timeframe or to a specific customer or geography. Yield product offered through Circle International Bermuda Limited (“Circle Bermuda”). It is anticipated that Circle Bermuda will enter into lending arrangements with one or more institutional borrowers, including Genesis Global Capital, LLC.  

Circle Account and money transmission services are provided by Circle Internet Financial, LLC or, for customers using Circle Account services located in the United Kingdom, Circle UK Trading Company Limited. Circle Internet Financial, LLC, NMLS # 1201441, is a licensed provider of money transmission services. Circle Payments, LLC, DFPI Money Transmitter License # 2549, is registered under the California Department of Financial Protection & Innovation. A full list of Circle’s licenses can be found here. 

Circle is not a bank; your Circle Account is not a bank account, and any funds are not insured by the Federal Deposit Insurance Corporation, the Securities Investor Protection Corporation or by any US or foreign government agency, insurance fund, person or entity. For investors in the United States, investments described in this communication are offered by Circle Bermuda to “accredited investors” only in accordance with Regulation D, Rule 506(c) of the Securities Action of 1933, as amended. While Circle Bermuda is regulated by the Bermuda Monetary Authority for digital asset business, Circle Bermuda is not engaged in banking and deposit taking activities and is not regulated for these purposes. You should carefully conduct your own investigations and analyses in connection with any participation in this product, including its objectives, risk factors, fees and expenses and the information set forth in these materials. All prospective participants in the products described herein are advised to consult with their legal, accounting and tax advisers regarding any potential participation. Please read the offering documents carefully before you invest. Additional information is available upon request. 

**Rates are purely indicative and are subject to change pending availability, approval and market conditions. Withdrawal requests for fixed term accounts could take up to 72 hours in high withdrawal periods and will be subject to an early withdrawal penalty.

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