The stablecoin market cap climbed back to $305.78B after rising 0.8% over the past week, driven almost entirely by USDC’s expansion.
Circle’s token saw its market cap increase by 3.31%, reversing part of the early-November drop when it lost more than $6B. The move signals a moderate return of flows into stable assets after weeks of caution across the crypto market.
DefiLlama data shows that USDC is leading the rebound with a stable circulating supply of 76.28B tokens and a market cap of $76.26B, while its price remains anchored despite an 11.06% decline in daily volume. This suggests investors are reallocating capital toward stablecoins perceived as having stronger regulatory alignment and lower operational volatility.
Jeremy Allaire, Circle’s CEO, said that USDC’s adoption and regulatory framework are fueling market confidence. Although there were no additional corporate comments, sector behavior points to a selective recovery in which USDC acts as the primary driver after weeks of contraction across the ecosystem.
Source: https://defillama.com/stablecoins
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