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

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…