Mike Smith
Feb 11
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According to CoinGecko, the market capitalization of USD Coin (USDC), issued by Circle, reached $56.3 billion on February 10. This is 23.4% more than on January 8, when the figure was $45.6 billion. Thus, USDC has almost returned to its previous levels after the decline recorded in November 2023, when its capitalization dropped to $24.1 billion.
USDC's recovery has been fueled by the expansion of the stablecoin ecosystem, with Circle actively introducing support for it on new blockchains, including Sui and Aptos. In addition, in January 2025, the company issued an additional $6 billion of USDC on the Solana (SOL) blockchain, which also contributed to the increase in its market share.
Despite the growth of USDC, Tether (USDT) remains the leader among stablecoins. According to CoinGecko, its supply reached $141.6 billion on February 10, and its market cap has increased by more than $4 billion over the past 30 days. According to DefiLlama, USDT maintains a dominant position, accounting for 63% of the stablecoin market. However, USDC's share has grown from 19.4% to 25% over the year.
As demand for stablecoins increases, regulators are paying increased attention to this sector. David Sachs, who is responsible for artificial intelligence and digital assets at the White House, noted that stablecoins can enhance the global influence of the dollar by distributing it in digital form. Politicians are working to create a regulatory framework that would allow the industry to develop under controlled regulation. In particular, Senator Bill Hagerty introduced a bill aimed at creating a safe and growth-promoting legal environment for stablecoins.
As digital assets pegged to fiat currencies, stablecoins have become an important element of the financial system. They are widely used for cross-border transfers, protecting savings from inflation, and generating income through decentralized financial protocols. In developing economies, stablecoins often serve as an alternative to traditional capital storage instruments, offering convenient and quick access to liquidity.
According to data, as of February 10, the total market capitalization of stablecoins reached $ 224 billion, while in August 2023 this figure was $ 121 billion.
