USDC Rebounds to $56.3 Billion Market Cap, Fully Recovering From Bear Market Losses

Feb 10, 2025 08:00 pm Cryptocurrency 48

Key Takeaways:

USDC’s market cap surge signals a strong recovery from the bear market.

Potential U.S. stablecoin regulations could drive further growth for USDC.

USDC’s growth is fueled by expanding utility, new integrations, and increasing adoption among diverse users.

Circle, the company behind USD Coin (USDC), has reached an eye-catching milestone of $56.3 billion market cap on the 10th of February according to CoinGecko. This marks USDC’s full recovery from bear market losses. This indicates that stablecoins are becoming increasingly favored in the DeFi sector, as USDC got back on track taking a high-flight on the stablecoin market.

Total USDC Circulating. Source: DefiLlama