USDC

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You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/usdcs-remarkable-growth-in-the-crypto-market" rel="noopener noreferrer nofollow">USDC’s Remarkable Growth in the Crypto Market</a> 
Stablecoins, particularly USD Coin (USDC), have seen significant growth within the crypto ecosystem. USDC’s market share has impressively doubled from about 5% in September 2023 to over 10% recently. This summary explores the key factors contributing to this notable expansion.
Bybit, a leading crypto trading platform, played a pivotal role by introducing zero-fee trading for USDC pairs last February, which dramatically increased USDC’s volume and market presence, making Bybit a major market for USDC.
USDC’s relisting on Binance following legal challenges faced by Binance USD (BUSD) was a strategic move that reinforced its market share, likely boosting user confidence and contributing to its improved performance amid regulatory dynamics and the need for stability in the stablecoin space.
<a href="https://en.bitcoinhaber.net/robinhood-launches-cryptocurrency-trading-app-in-europe" rel="noopener noreferrer nofollow">Coinbase</a>, the largest crypto trading platform in the US, strategically increased USDC interest rates over the past year, starting at 2% and reaching an attractive 6%, incentivizing users to hold USDC and contributing to its growing market share.
Despite positive trends, USDC’s circulating supply remains below its all-time high of $45 billion, attributed by issuer Circle to challenges like rising interest rates, regulatory scrutiny, bankruptcies, and fraud. Circle’s recent IPO filing adds a new dimension to USDC’s narrative, potentially bringing new dynamics to its role in the crypto ecosystem.
<h5>The post first appeared on BH NEWS: <a href="https://en.bitcoinhaber.net/usdcs-remarkable-growth-in-the-crypto-market" rel="noopener noreferrer nofollow">USDC’s Remarkable Growth in the Crypto Market</a></h5>

USDC’s Remarkable Growth in the Crypto Market

BH NEWS

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