USDC supply surge as Circle’s expands native issuance to Celo for better payments
Summary
Circle's USD Coin (USDC) has expanded to the Celo Network, aiming to enhance cross-border payments and peer-to-peer transactions. The Celo Foundation and Circle are collaborating to integrate USDC into Celo's ecosystem, including proposing a community vote to pay transaction fees using USDC. This move follows a notable increase in USDC's supply, with a 8% rise since the beginning of the year, reaching a total of 26.46 billion. The stablecoin's growth is attributed to increased confidence among crypto investors and its role in driving stablecoin transfer volumes.
