USDC hits $56.3B market cap, regains losses from bear market

Circle’s USD Coin reached a $56.3 billion market capitalization, erasing the losses it sustained during the most recent bear market. The $56.3 billion market cap represents a 23.4% increase from the $45.6 billion measured on January 8th. The lowest market cap USDC reached during the bear market was $24.1 billion in November 2023.