$USDC Today
On May 8, 2025, USDC (USD Coin) recorded several significant developments. The USDC treasury burned 50.59 million tokens on the Solana network, reducing the excess supply. The total supply of USDC now approaches $61 billion, a 38.6% increase since the beginning of 2024. Additionally, Ethereum whales added 8.88 million USDC to their positions, indicating increased institutional confidence. Circle plans to launch a cross-border payments network based on stablecoins this week. USDC's regulatory compliance is demonstrated with MiCA certification in the European Union, reinforcing its position as a trusted stablecoin. USDC reserves continue to be composed of cash and short-term Treasury securities, ensuring peg stability. This momentum confirms USDC's role in the global digital financial ecosystem.
