The entire provide of stablecoin USDC surpassed 1 billion on July 1, community knowledge exhibits.
The stablecoin, issued by the CENTRE consortium backed by Coinbase and Circle, skilled a provide surge in June when its whole jumped 37% from 730,920,001 to 1,002,228,740. The quantity additionally represents a 93% enhance from the start of the yr.
Regardless of the expansion, nonetheless, USDC continues to be far behind tether, the most well-liked stablecoin on this planet. The entire Tether provide is ten instances that of USDC, in accordance with Coin Metrics knowledge.
At press time, the entire market share of USDC on Ethereum stands at round 13%, whereas Tether nonetheless leads the pack with 78%. Tether can be issued on Omni and Tron.
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