Circle USDC Valuation Growth Hits $90B as Bernstein Sees 59% Upside
Circle’s valuation has more than doubled in a short stretch, and the numbers behind that jump are hard to ignore. According to a tweet from crypto analytics firm CryptoQuant, USDC‘s market capitalization climbed from $71.53 billion to $73.55 billion, while Circle’s own valuation surged from $54 billion to $90 billion. That kind of parallel movement is exactly what’s fueling talk of sustained Circle USDC valuation growth across trading desks and crypto forums this week.
Key takeaways
- Circle’s valuation rose from $54 billion to $90 billion as USDC’s market cap grew from $71.53 billion to $73.55 billion, per CryptoQuant.
- USDC remains a US dollar-pegged stablecoin widely used for crypto trading and liquidity, with Circle managing the peg and its link to traditional finance.
- Trading activity for USDC has picked up, though overall volume is still described as thin.
Circle’s Valuation Surge Linked to USDC Growth
Circle’s valuation jump appears directly tied to how fast USDC is expanding, not an isolated market quirk. The stablecoin issuer’s valuation climbing from $54 billion to $90 billion lines up closely with the timeframe in which USDC’s market cap grew by roughly $2 billion, based on the CryptoQuant figures. That kind of parallel timing rarely happens by accident in crypto markets.
… Continue reading the full article at the original source below.
