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Ethereum is still the dominant network for USDC, with Solana's on-chain issuance exceeding 10 billion closely following

Ethereum is still the dominant network for USDC, with Solana's on-chain issuance exceeding 10 billion closely following

Bitget2025/03/26 12:31

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.

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