In 2024, USDC experienced significant growth, with its circulation increasing by 78% year-over-year, surpassing other major stablecoins.
This expansion is attributed to Circle’s strategic initiatives, including compliance with the European Union’s Markets in Crypto Assets regulation and adherence to Canada’s new listing rules.
These efforts have enhanced USDC’s credibility and accessibility in global markets. Additionally, Circle’s anticipation of U.S. executive orders facilitating bank involvement in cryptocurrencies could further bolster USDC’s adoption.
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Factors influencing behavior and potential impact
U.S. crypto investors have shown caution recently. The anticipated executive orders promoting bank engagement with cryptos may alleviate concerns and encourage increased participation.
The recent surge in USDC’s circulation reflects growing trust in regulated stablecoins. This could signal a shift toward more stable investment vehicles among U.S. buyers.
Speculation about a potential price bubble in U.S. AI tech stocks, fueled by China’s DeepSeek AI model, is growing.
This has heightened concerns about corrections in risk asset markets, potentially leading cryptocurrency investors to adopt a more cautious stance.
