The State of the USDC Economy Is Strong
summary
USDC reports $16.2 trillion of lifetime on‑chain transactions since 2018, runs natively on 15 chains, and routes roughly 85% of cross‑chain flows over CCTP, which has done about $13 billion of volume so far. Solana activity jumps from ~$600 billion in 2023 to nearly $8 trillion year‑to‑date in 2024 for USDC onchain movement. Reserves sit mostly in cash at GSIBs and ~90% in the Circle Reserve Fund (treasuries and repos), with 24/7 create/redeem in major banking markets.
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chapters (8)
- 0:00Introduction
- 0:22USDC Scaling
- 3:48USDC Balance Sheet
- 5:43USDC Platform
- 7:49Stablecoins
- 8:48Liquid Reaking
- 10:18Future Internet Financial System
- 13:25Conclusion
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