USDC, the stablecoin issued by Circle, emerged resilient despite a "challenging 2023", which saw a significant decline in circulating supply, according to a company report.
Dubbed "State of the USDC Economy", the study highlights an increase in real-world applications and a decrease in speculative trading.
The USDC maintained its stability amidst market shifts reflecting strengthening real-world use cases over mere speculative trading.
This could represent a strategic movement of cryptocurrencies and digital assets towards becoming a legitimate part of the economy.