USD Coin from Circle increased its market value to $56.3 billion and took back what it lost in the crypto market downturn. USDC achieved its $56.3 billion market cap status on February 10 based on CoinGecko data and grew by 23.4% from $45.6 billion during peak bear market conditions on January 8.
Before this high point USDC dropped to just $24.1 billion of market capitalization in November 2023. The company continues its blockchain platform development by adding Sui and Aptos to its expanding network pattern. In January 2025 Solana users approved $6 billion USDC issuance which helped the company establish more platform influence.
USDC Gains Market Share
Even though Tether (USDT) holds primary stablecoin status USDC gained momentum with $141.6 billion market capitalization reaching this level on February 10. After 30 days USDT earned more than $4 billion in market value according to CoinGecko stats. USDT controls 63% of the market today and USDC holds a quarter of the market share increasing from 19.4% last year.
Major U.S. authorities have started to study how stablecoins develop in this marketspace. The Trump administration set stablecoin regulations as one of its biggest priorities during its presidency. The White House AI and crypto advisor David Sacks explains that steadycoins will let the U.S. dollar lead digital finance markets worldwide.
The administration works to let stablecoin companies grow by following US regulations. Senator Bill Hagerty wants new legislation to help stablecoin development and construct financial safeguards at the same time.
Stablecoins provide digital finance solutions that help people transfer money quickly and protect against rising prices through their connections to dollar-based currencies especially where inflation hurts the most. Stablecoin owners can get returns from DeFi platforms the same way as fixed bank interest rates.
Digital dollars pick up widely between August 2023 and February 10 with market value expanding from $121 billion to $224 billion.
