USDC Accounts for 53% of Stablecoin Volume on Fireblocks

The @USDC account announced Nov. 6 that USDC made up 53% of stablecoin volume on Fireblocks, a custody and transfer platform serving institutional clients. The figure gives a platform-specific measure of the stablecoin’s use. Fireblocks reposted the announcement.

Circle issues USDC as a digital stablecoin pegged to the U.S. dollar. A separate global measure put USDC’s share of stablecoin transaction volume at about 77% through June, versus 60% for the same period a year earlier, as covered in TokenPost’s earlier coverage of global USDC volume. The figures cover different scopes and are not directly comparable.