Circle Reports Significant Growth In USDC Transactions

According to Odaily, stablecoin issuer Circle has released a report detailing the economic status of USDC. Over the past year, the issuance of USDC has increased by 78% year-on-year. The total historical transaction volume has surpassed $20 trillion, with November 2024 alone seeing a monthly transaction volume of $1 trillion. More than 500 million end users can access USDC through digital wallets and consumer applications. USDC facilitates financial access in over 180 countries, and the Cross-Chain Transfer Protocol (CCTP) has enabled the transfer of over $20 billion in USDC across supported blockchain networks.