The USDC stablecoin has benefited from the return of excitement in the cryptocurrency market so far this month. This is particularly evident with its market cap surge to the highest levels.According to CoinMarketCap, USDC added around $2.34 billion to its market cap in the last seven days. This gain also allowed USDC to rally past its September highs, which means its recent push is now the highest level in 2024.
So what is moving the surge in USDC market cap this time? A variety of factors could be at play, but the most significant one could be the recent surge in demand for cryptocurrencies. The USDC stablecoin has so far managed to maintain the second spot in the list of the most dominance stablecoins, with USDT leading the charge.
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