Circle's USDC Hits Record Market Cap Over $56B as Stablecoin Demand Soars

Quick Summary:

USDC and USDT minting accelerated in the past weeks, providing a bullish signal for crypto markets despite declining token prices.

Thus, their expanding supply is a key indicator of investor demand and overall health of crypto markets.

Stablecoins are a special type of cryptocurrencies with prices anchored to an external asset, predominantly to the U.S.dollar.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Krisztian Sandor

Category: Crypto

Markets: United StatesCuba

Topics: USDC Circle Stablecoins Stablecoin Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-12 @ 19:03:16 (15 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 309 words

Reading Time: 2 minutes read

Sentences: 26 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 26107457

View Article Analysis

About CoinDesk

Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 20 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #8

Publisher Details

Frequently Asked Questions