Circle’s USDC hits $850 billion transaction

Since its launch in 2018, Circle has facilitated over $850 billion in transactions between fiat currencies and blockchain networks, underscoring the importance of USDC in bridging traditional finance with blockchain technology.

As a stablecoin pegged to the US dollar, USDC offers users a fast, secure, and low-cost way to make transactions globally. It’s now accessible to over 500 million users, making it a top competitor in the digital dollar space alongside USDT and DAI.

In 2024, Circle reached several significant milestones. One of the biggest was the adoption of USDC by Binance, the world’s largest crypto exchange, which integrated USDC into its corporate treasury. This move gave 250 million Binance users access to a wide range of features, including trading, saving, and transacting with USDC.

In addition, Circle introduced its Cross-Chain Transfer Protocol (CCTP), which allows USDC to seamlessly transfer between different blockchain networks, solving compatibility issues in the digital currency space. By the end of 2024, the CCTP had already processed over $20 billion in USDC transfers.

With its growing adoption across major banks, businesses, and payment platforms like Pockyt, BVNK, and Thunes, USDC continues to play a vital role in the evolution of digital finance.

As of January 1, 2025, the Proof of Reserve for Binance shows a net balance of over $2.4 billion for USDC, a significant increase from the previous year. Circle's steady growth, innovative technology, and global reach have positioned USDC as a key player in the digital currency world.

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