On January 14, 2025, Circle announced that its USD Coin (USDC) circulation increased by 78% year-over-year, surpassing 500 million end-users globally. In November 2024, USDC's monthly transaction volume exceeded $1 trillion, contributing to a total all-time transaction volume of over $20 trillion.
Circle's compliance with the EU's Markets in Crypto Assets (MiCA) regulation and Canada's listing rules has positioned it favorably compared to Tether (USDT), whose market cap fell from over $140 billion to approximately $137 billion—a decrease of about 2.15%. In contrast, USDC's market cap grew from around $42 billion to nearly $46 billion, marking a 9.5% increase.
Circle's euro equivalent, EURC, has reached over $1 billion in weekly transfer volume, reflecting the evolving European market. Dante Disparte, Circle's chief strategy officer, emphasized the importance of compliance in fostering regulatory clarity for stablecoins and enhancing global economic inclusion.
Circle has bridged over $850 billion between fiat currencies and is supported on 16 blockchains. Its Cross-Chain Transfer Protocol has processed over $20 billion in USDC transactions. Looking ahead, Circle anticipates significant growth in global payroll, tokenized trade, and integration with traditional payment networks, expanding access to digital payments for businesses and consumers.