What is the issuance volume of USDC coins? One article introduces the application scenarios of USDC coins

The issuance volume of USDC coins has reached $44.54 billion, making it the second largest stablecoin by market capitalization.

Oct 09, 2024 at 05:30 pm

What is the Issuance Volume of USDC Coins?1. Background

USD Coin (USDC) is a stablecoin pegged to the US dollar, developed by CENTRE, a consortium of Circle and Coinbase. USDC aims to provide a digital representation of the US dollar that can be used for global transactions and financial operations.

2. Issuance Volume

As of March 2023, the total issuance volume of USDC coins is approximately $44.54 billion. This makes USDC the second largest stablecoin by market capitalization, after Tether (USDT).

3. Application Scenarios

USDC is widely used in various financial applications, including:

Cross-border payments: USDC facilitates quick and cost-effective cross-border transfers, as it can be sent and received instantly without the need for intermediaries or high transaction fees.
Decentralized finance (DeFi): USDC serves as a stable asset in DeFi platforms, enabling users to lend, borrow, and trade digital assets with reduced volatility.
Stable value storage: USDC provides a stable store of value for investors and businesses, as its value is pegged to the US dollar.
Remittances: USDC allows for fast and low-cost remittances abroad, providing a convenient option for individuals sending money to other countries.
Merchant payments: USDC can be used as a payment method by merchants, reducing the volatility risks associated with accepting cryptocurrency payments.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

RAIN

$0.007852

113.00%

Trade Now
PIPPIN

$0.06097

51.96%

Trade Now
PARTI

$0.1396

42.04%

Trade Now
WAVES

$0.9141

41.69%

Trade Now
ARC

$0.04302

35.73%

Trade Now
HONEY

$0.01029

21.80%

Trade Now

Latest Crypto News

White House Brokers Peace: Crypto, Banks, and the Future of Finance
2026-01-31 18:50:01
Rare Royal Mint Coin Discovery Sparks Value Frenzy: What's Your Change Worth?
2026-01-31 18:55:01
Pi Network's Mainnet Migration Accelerates, Unlocking Millions and Bolstering Pi Coin's Foundation
2026-01-31 18:55:01
Lido's stVaults Revolutionize Ethereum Staking for Institutions
2026-01-31 19:25:01
MegaETH's Bold Bet: No Listing Fees, No Exchange Airdrops, Just Pure Grit
2026-01-31 19:20:02
BlockDAG Presale Delays Raise Questions on Listing Date Amidst Market Scrutiny
2026-01-31 19:15:01

Related knowledge

What is a stablecoin like USDT or USDC?

Oct 13,2025 at 03:54am

Understanding Stablecoins in the Cryptocurrency EcosystemStablecoins such as USDT and USDC serve as digital assets designed to maintain a consistent v...

What is the difference between decentralized stablecoins and centralized stablecoins? Pros and cons comparison

Jun 15,2025 at 09:42am

What Are Stablecoins and Why Do They Matter?Stablecoins are a category of cryptocurrencies designed to maintain a stable value, usually pegged to an e...

What is the role of stablecoins in DeFi? Advantages and limitations analysis

Jun 14,2025 at 06:28am

Understanding Stablecoins in the DeFi EcosystemStablecoins play a pivotal role in the decentralized finance (DeFi) landscape by providing a bridge bet...

How do algorithmic stablecoins work? Potential risks and market impact

Jun 12,2025 at 02:07pm

Understanding Algorithmic StablecoinsAlgorithmic stablecoins are a type of cryptocurrency designed to maintain a stable value relative to a specific a...

How do stablecoins anchor legal currencies? Technical and economic model analysis

Jun 16,2025 at 08:43am

Understanding the Concept of StablecoinsStablecoins are a category of cryptocurrencies designed to maintain a stable value relative to a specific asse...

How do stablecoins maintain price stability? Principles and risk analysis

Jun 11,2025 at 12:01am

Understanding the Mechanisms Behind Stablecoin StabilityStablecoins are a category of cryptocurrencies designed to minimize price volatility, often pe...