The market cap for Circle's USDC stablecoin has reached $50 billion, with a circulating supply of $51 billion. This growth comes after USDC outperformed its competitors in market cap growth in 2024, with a 78% increase in circulating supply. Despite falling short of its all-time high market cap of $55.9 billion, USDC is challenging Tether USDT once again. USDC's growth can be attributed to regulatory clarity, with the US having a pro-crypto president, while concerns about USDT's regulatory compliance have grown. Circle's partnership with Binance aims to challenge Tether's dominance.



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