On February 10, 2025, Circle’s USDC stablecoin achieved a market cap of 56.3 billion USD, regaining losses from its lowest point of 24.1 billion USD in November 2023.

The recent growth, a 23.4% increase from 45.6 billion USD on January 8, 2025, is partly attributed to efforts such as minting 6 billion USD of USDC on the Solana blockchain.

Despite USDC’s rise, Tether’s USDT remains the largest stablecoin with 141.6 billion USD, controlling 63% of the market share. The total stablecoin market cap has grown from 121 billion USD to 224 billion USD.