The total market capitalization of USD Coin (USDC) has surpassed $4 billion, according to a tweet posted by Circle CEO Jeremy Allaire.
The dollar-pegged cryptocurrency witnessed 800 percent growth in 2020 alone, thriving because of mushrooming demand for stablecoins. It currently holds 11th place on CoinMarketCap.
Tether's Biggest Rival Now Has $4 Billion Market Cap
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