USDC market supply tops $10bn

The total market value of the USD Coin (USDC) stablecoin from the Centre consortium has surpassed the $10bn mark.

The aggregate capitalisation of all stablecoins is approaching $60bn.

Data: Coin Metrics, The Block.

USDC’s share of the total stablecoin supply stands at 16.69%. The perennial leader of the segment — Tether (USDT) — holds 69.95%.

Tether’s total market value is $39.68bn. The asset sits at fifth in CoinGecko’s ranking, contending for market capitalisation with Binance Coin, Cardano and Polkadot. The most USDT is issued on the Ethereum and Tron blockchains.

ForkLog reported that the pace of USDC issuance surpassed USDT’s metrics.

In early March USDC began operating on the Stellar blockchain.

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