#CryptoReboundStrategy

USDC Stablecoin Supply Increases 80% Since 2023: Details

USDC stablecoin supply reached around $44 billion in January 2025, up 80% from its 2023 low of $24 billion.

Ethereum dominates 65% of the total supply, while Solana, Base, Arbitrum, and Hyperliquid are all gaining ground due to their increasing adoption.

Ethereum-based layer-2 solutions such as Base have seen significant growth, with their USDC supply rising from $1.9 billion to $8.1 billion in 2024, following the “Dencun” upgrade that reduced transaction fees.

USDC’s total transaction volume exceeded $15 trillion during the year, with 100 million unique transactions recorded.

Despite the recovery, the stablecoin USDC is still behind USDT in the market, mainly because USDC was affected by previous crises such as the collapse of Silicon Valley Bank in 2023, but the currency quickly regained the confidence of investors.