PANews reported on March 26 that according to The Block, the market value of USDC, the US dollar stablecoin issued by Circle, has exceeded US$60 billion, setting a historical high, a year-on-year increase of 100% from US$30 billion in March 2024.

According to the on-chain distribution, although Circle has issued a large amount of USDC on Solana this year, Ethereum is still the dominant network of this stablecoin, among which: Ethereum’s issuance is about 36 billion, Solana is about 10 billion, Base is about 3.7 billion, Hyperliquid is about 2.2 billion, Arbitrum is about 1.8 billion, and Berachain is about 1 billion.