TOKENPOST
1 min read
Add as a preferred source on Google

USDC Accounts for 79% of Stablecoin Trading Volume in Q3

Circle Payments Network had annualized payment volume above $58 billion and 205 connected financial institutions.

By Enna Lee
Published
Mentioned assets
A matte silver token seated in a machined ceramic channel / TokenPost.ai (mono)
A matte silver token seated in a machined ceramic channel / TokenPost.ai (mono)

USDC, a digital token used to settle transactions, accounted for 79% of stablecoin trading volume in the third quarter, up from 66% a year earlier, while Circle Payments Network's annualized payment volume exceeded $58 billion.

Circle Payments Network had 205 financial institutions connected.

The Arc mainnet launched Sept. 16 with 11 founding validators and more than 100 applications.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

Loading…