Circle's USDC Volume Hits $5.9 Trillion in Race to Lock in First-Mover Advantage

USDC transaction volume hit $5.9 trillion, up 5.4x year over year, while Circle grew to 28% of the fiat-backed stablecoin market. Circle, the only publicly listed U.S. stablecoin company, reported $658 million in Q2 revenue, with USDC circulation surging 90% to $61.3 billion. No man is an island, but Circle Internet Group is the only publicly listed stablecoin company in the United States. By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your informati ...