Coinbase and Circle-Backed Stablecoin USD Coin Breaks $1B Market Cap

Cointelegraph

Published Jul 03, 2020 09:29AM ET

Updated Jul 03, 2020 06:20PM ET

USD Coin (USDC), a stablecoin project founded by Coinbase and Circle, has hit a major milestone in market capitalization.

On July 3, 2020, USDC market cap broke the $1 billion threshold for the first time since the stablecoin was launched in October 2018. According to data from Coin360, the coin has seen sharp growth since March 2020.

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