PANews reported on March 26 that, according to The Block, the market capitalization of USDC, the US dollar stablecoin issued by Circle, has exceeded $60 billion, reaching a historical high and growing 100% compared to the $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 remains the dominant network for this stablecoin, with the following breakdown: approximately 36 billion issued on Ethereum, 10 billion on Solana, 3.7 billion on Base, 2.2 billion on Hyperliquid, 1.8 billion on Arbitrum, and 1 billion on Berachain.