According to The Block, the market value of USDC, a stablecoin issued by Circle, has broken through $60 billion, setting a new historical high and increasing 100% compared to $30 billion in March 2024.
The on-chain distribution shows that despite Circle issuing a large amount of USDC on Solana this year, Ethereum is still the dominant network for this stablecoin. Specifically: about 36 billion are issued on Ethereum, approximately 10 billion on Solana, around 3.7 billion on Base, roughly 2.2 billion on Hyperliquid, about 1.8 billion on Arbitrum and approximately 1 billion on Berachain.