Centre is proud to drive the continued broad adoption of USDC, which just passed $15 billion in market cap. We began the year with $4 billion in circulation, surpassing $11 billion by the end of Q1. in just over a month USDC has grown by another $4 billion. This milestone is indicative of the robust and increasingly consistent expansion built on the foundation of industry-leading Centre standards.
In just under three years, USDC has seen steady growth while becoming the world’s most trusted stablecoin, and continues to look for new opportunities to provide individuals and institutions everywhere to interact with the crypto community. Whether making payments to a friend, buying an NFT, or engaging in DeFi activity, people trust in their transactions with USDC.
On the back of USDC issuer Circle’s partnership with Visa, and integrations with the Solana, Stellar, and Algorand blockchains, Centre is excited for the future of USDC, with many more developments planned as we continue to expand in support of continuing our goal of bringing the most trusted access to financial services to everyone, everywhere. We look forward to many more milestones to come.