⚡️INSIGHT: Stablecoin transfers hit a massive $10T in January, with USDC accounting for $8.4T, according to Jeremy Allaire, CEO of Circle. https://t.co/gu9kKNKk9I
⚡️INSIGHT: Stablecoin transfers hit a massive $10T in January, with USDC accounting for $8.4T, according to Jeremy Allaire, CEO of Circle. https://t.co/gu9kKNKk9I
⚡️ INSIGHT: January stablecoin transaction volume reached $10T, including $8.4T from USDC, per Circle CEO Jeremy Allaire. https://t.co/PAJCbWio3O
So let's get this straight.
@circle stock is -80% from its peak 7 months ago.
And last year total trading volume of stablecoins was 33 Trillion.
Now in Jan alone stables volume was 10T!!!
And Usdc was 8T of that...in one month.
TAM of stables will be north of 1000T. 🚀
USD Coin is a stablecoin brought to customers by Circle and Coinbase. It is an open source, smart contract-based stablecoin. True financial interoperability requires a price stable means of value exchange. CENTRE’s technology for fiat-backed stablecoins brings stability to crypto. The initial implementation is USD Coin (USDC), an ERC-20 token creating possibilities in payments, lending, investing, trading and trade finance — and the ecosystem will grow as other fiat currency tokens are added.