USDC Reaches All-Time High on Ethereum with $4 Billion Supply and $635 Billion Monthly Transfers

According to recent data from Token Terminal, the demand for USDC on the Ethereum network has surged to unprecedented levels, marking an all-time high. The current outstanding supply of USDC has reached nearly $4 billion, indicating robust market confidence in this stablecoin. In addition, the monthly transfer volume of USDC has hit approximately $635 billion, reflecting an increasing trend in blockchain transactions. On average, around 7.2 million transfers occur each month, showcasing the growing utility of this digital asset. This surge in USDC activity underscores its pivotal role in the evolving landscape of *cryptocurrency* and highlights the ongoing adoption of stablecoins in various financial applications.