USDC Circulation Increases Significantly in 2024

According to BlockBeats, data from Defillama indicates that the circulation of USDC has seen a substantial increase this year. At the beginning of 2024, the circulation of USDC was approximately 24 billion tokens. As of the latest report, the circulation has surged to 35.598 billion tokens. This significant rise means that Circle has issued nearly 11.6 billion additional USDC tokens since the start of the year. The increase in circulation reflects the growing demand and usage of USDC in various financial and cryptocurrency markets.