Crypto
Stablecoins Shift Focus to Network Utilization
A recent report by Black Titan Corp highlights a shift in stablecoin markets from supply growth to network utilization and machine-native payments.
Circle reported USDC circulation grew 19% year over year to $73.3 billion, while quarterly onchain USDC volume rose 151% to $14.8 trillion.
The Circle Payments Network (CPN) reached an annualized $14.7 billion in transaction volume with 175 enrolled financial institutions, up 29% sequentially.