Circle executive says USDC transaction activity topped $14 trillion over the past 12 months
Speaking at Cointelegraph's LONGITUDE event in Singapore, Circle's Previn Pillay said USDC transaction activity exceeded $14 trillion over the last 12 months, with that activity growing at a rate of 151%. The figures were presented as a measure of how fast money is moving through stablecoins. Crypto Briefing noted that Circle's revenue reliance on interest rates poses risks.
Speaking at Cointelegraph's LONGITUDE event in Singapore, Circle's Previn Pillay said USDC transaction activity exceeded $14 trillion over the last 12 months, with that activity growing at a rate of 151%. The figures were presented as a measure of how fast money is moving through stablecoins. Crypto Briefing noted that Circle's revenue reliance on interest rates poses risks.
Key facts
- Circle's Previn Pillay said USDC transaction activity exceeded $14 trillion over the last 12 months.
- Pillay said the growth rate of that transaction activity was 151%.
- Pillay made the remarks at Cointelegraph's LONGITUDE event in Singapore.
- Crypto Briefing noted that Circle's revenue reliance on interest rates poses risks.
Sources · 2 sources
- CB
Crypto BriefingArticle ·
Circle reports $14 trillion-plus in USDC activity as volume grows 151% USDC's massive transaction volume highlights stablecoins' growing role in digital finance, but revenue reliance on interest rates poses risks. The post Circle reports $14 trillion-plus in USDC activity as volume grows 151% appeared first on Crypto Briefing .
Open source - CO
Cointelegraph@CointelegraphPost on X ·
🇸🇬 LONGITUDE: How fast is money moving through stablecoins? “Over $14 trillion over the last 12 months, and that growth rate is 151%.” @circle's Previn Pillay on the scale of USDC transaction activity. https://t.co/xQuMeGtFjL
Open source