Circle’s USDC Cross-Chain Volume Soars to Record $7.7 Billion Amid Stablecoin Boom

Circle, a leading stablecoin issuer, has reached a significant milestone with its Cross-Chain Transfer Protocol (CCTP) achieving an all-time high bridging volume of $7.7 billion. Launched in 2023, CCTP enhances USDC interoperability across multiple blockchains, demonstrating increasing demand for stablecoin utility solutions.

The company recently pursued an IPO, reinforcing its independent stance after declining a $5 billion acquisition offer from Ripple. Circle aims to raise $624 million, with CCTP’s record growth highlighting long-term market potential and attracting fresh capital investments.

Active stablecoin addresses also hit a new peak at 33.1 million, further solidifying Circle’s role in the payments ecosystem. Its strategic emphasis on interoperability and institutional adoption cements its position as a major player in the digital asset sector.