Since the beginning of 2020, the stablecoin USDC supply has reached nearly 2 billion US dollars

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2020-09-11 10:45 (UTC+8)

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The growth rate of other stablecoins, such as BUSD and DAI, exceeds 700%.

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The growth rate of other stablecoins, such as BUSD and DAI, exceeds 700%.

Editor's Note: This article comes fromBlock beats BlockBeats (ID: BlockBeats), reprinted by Odaily with authorization.

Editor's Note: This article comes from

Block beats BlockBeats (ID: BlockBeats)

, reprinted by Odaily with authorization.

The supply of the Coinbase-backed stablecoin USDC is rapidly approaching $2 billion on Sept. 11, an 80% increase in two months. Other stablecoins have also seen impressive growth, with DAI and Binance’s stablecoin BUSD up more than 700% so far this year.

According to data collected by Coin Metrics, the total supply of USDC has exceeded $1.8 billion, an increase of more than 80% since the beginning of July and more than 250% since the beginning of 2020. USDC is a centralized dollar-pegged stablecoin issued by the Center Consortium, a partnership between Coinbase and the payment service company Circle. Launched in September 2018, as of early 2020, more than 500 million tokens have been issued.

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