USDC Becomes First Stablecoin to Reach $1 Billion Issued in Less than a Year

The amount of USD Coin (USDC) issued globally surpassed $1 billion on Monday, the first fiat token to reach that threshold in under a year and officially crowning USDC as the fastest-growing stablecoin in the world.

The $1 billion milestone comes as the amount of USDC redeemed (in other words, exchanged for US Dollars) nears $600 million and on-chain transfers reach about $16 billion. USDC’s market cap is above $430 million, and it is firmly the second-largest stablecoin in the world.

USDC Becomes First Stablecoin to Reach $1 Billion Issued In Less than a Year was originally published in CENTRE blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

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