USDC Transaction Volume Surpasses $20 Trillion
Date: 2025-01-16 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
The stablecoin’s turnover has increased by 78% compared to 2023, according to the data. The total transaction value since its launch has surpassed the $20 trillion mark, with monthly volume reaching a record $1 billion in November 2024.
USDC has played a key role in moving more than $850 billion from traditional financial systems to blockchain infrastructure. As of early 2025, the stablecoin is active on 16 different networks.
In addition, the asset is available to 500 million users in 180 countries. Thanks to its partnership with Binance, the potential audience has increased by 250 million people.
The Circle Cross-Chain Transfer Protocol (CCTP) has processed over $20 billion in transactions between supported networks, demonstrating the high demand for Circle's solutions.
The company became the first stablecoin to comply with European MiCA standards, as well as listing requirements in Canada.
The euro-analogue of USDC, EURC, has been no less successful. In October 2024, it became the leader among euro-denominated stablecoins with the largest number of coins in circulation. Its weekly transaction volume exceeded $1 billion.
USDC is actively used by financial giants such as Mastercard, MoneyGram, Nubank, Standard Chartered and Stripe, which underlines its importance for the global market.
For comparison, Tether data shows that at the end of 2024, the number of USDT holders was 109 million.
