Usdc, the Stablecoin once in Circle, has officially recovered from the FTX collapse disaster. The maximum market returned to 56.2 billion dollars, as it was identical to what it was before the encryption giant collapsed in November 2022, according to data from Coinmarketcap.
At some point in early 2023, USDC actually fell to $ 24.5 billion. Unlike his opponent, USDT from Tether, which struck the recovery mode in April 2024, USDC took a long way.
Now encryption Markets They have enjoyed an increase since Donald Trump returned to the White House, with his pro -rental executive, which helps Stablecoins make dangerous gains. The matter, which was signed on January 24, spoke about the support of the dollar -backed Stablecoins “to promote the growth of legal and legitimate financial tools” worldwide.
FTX mode USDC to support life
In November 2022, when FTX applied for bankruptcy, the panic was immediately. More than $ 6 billion in USDC was replaced within 72 hours, causing the market ceiling to shrink from $ 44.5 billion to $ 38 billion in the flash. People wanted liquidity, and USDC was one of the fastest ways to dollars.
Circle could not breathe her breath before Binance made things worse. From September 2022 to February 2023, Binance automatically converted USDC assets for users to Stablecoin, Busd. This has eliminated more than $ 3.7 billion in the USDC, which is controlled by exchange, which reduced liquidity until Bennes followed its policy in early 2023.
Then March 2023 occurred. The circle was arrested in the shooting of another collapse. Silicon Valley Bank. This bank received $ 3.3 billion from its cash reserves in SVB when the bank went. For a short but brutal moment, PEG erupted from USDC and stablecoin fell to $ 0.8 on March 11.
By the time when it ended in 2023, USDC Rock Bottom achieved $ 24.5 billion. The circle was below but not outside. The company launched an aggressive recovery plan, supported by strategic partnerships, organizational participation, and focusing on strengthening liquidity.
By January 2024, USDC returned to the maximum market for $ 35.7 billion. Just one year later, in February 2025, amounted to $ 56.2 billion, and finally returned to pre -FTX levels.
One of the main engines of this recovery was institutional adoption. The big investors in the choice of USDC began on USDT, with daily transactions from 23,450 in early 2024 to more than 51,000 by 2025. ETHEREUM network has doubled from $ 2.3 billion to $ 4.5 billion per month, and transactions on polygamy more than double .
Meanwhile, American lawmakers played their role by submitting the Stablecoin List in January 2025. The bill requires that the Stablecoin supporters be officially licensed as “exporters permitted for Stablecoin”. Chairman of the Financial Services Committee.
Jeremy Alere, CEO of Serkel, praised the legislation, describing it as “an enormous opportunity to strengthen the US dollar and pay the massive innovation.” But Tether still governs the Stablecoin market with a $ 96.4 billion market roof, although in January, USDC led a rope of daily transactions, with more than 51,000 transactions compared to 38200 USDT, according to the series data.
Cryptopolitan Academy: Are web3 errors to appeal? – Discover here
