USDC Supply Surpasses $60 Billion Amid Circle's IPO Filing

According to Foresight News, data from DefiLlama reveals significant statistics regarding USDC as Circle submits its IPO application. The supply of USDC has exceeded $60 billion, a notable increase from its low of $24 billion in 2023. Currently, 60% of USDC is supplied on Ethereum, followed by 16% on Solana and 6% on Base. At the beginning of 2023, Ethereum's dominance was over 85%. USDC's share in the stablecoin market stands at 25.7%, a decrease from its peak of over 35% in 2022.