Home BlockchainCircle Stock Jumps Double Digits as It Reports 72% Rise in USDC Circulation

Circle Stock Jumps Double Digits as It Reports 72% Rise in USDC Circulation

by Decrypt
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Circle Stock Jumps Double Digits as It Reports 72% Rise in USDC Circulation

In brief

  • USDC circulation rose 72% year-on-year to $75.3B.
  • Transaction volume jumped 247% to $11.9T.
  • CRCL shares climbed as much as 20% after earnings.

Stablecoin issuer Circle saw USDC circulation grow 72% year-on-year to $75.3 billion in the fourth quarter. The company also reported that transaction volume reached $11.9 trillion, an increase of 247%.

USDC market capitalization has wavered slightly since the end of last year, dipping as low as $70 billion at the start of February. But it has since…

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