• Circle spoke at the World Economic Forum to emphasize the utility value of USDC and blockchain technology.
• USDC in circulation grew from zero to $45 billion in four years and is supported by wallets from 190 different countries.
• Circle aims to reset the crypto narrative by promoting inclusive growth, sustainability, and use cases rooted in the utility value of USDC.
Circle, the founder of USD Coin (USDC), attended the World Economic Forum (WEF) to explain why USDC is a dollar with super powers. The WEF took place between Jan. 16 and Jan. 20, 2023, in Davos and hosted over 1,500 industry leaders as well as government representatives from around the globe.
Circle spoke to over a dozen leaders in the World Economic Forum to „reset the crypto narrative with an emphasis on inclusive growth, sustainability and use cases rooted in the utility value of USDC and blockchain technology.“ The company aimed to show the potential of USDC to provide a more secure and convenient form of payment, while also emphasizing the need to promote responsible innovation when it comes to crypto regulation.
Circle’s „State of the USDC Economy“ report, published on Jan. 17, highlighted the impressive growth of USDC in circulation, which went from zero to $45 billion in four years. USDC is the native currency of eight blockchains, supported by wallets from 190 different countries, and has over 200 integrated protocols.
Almost a year ago, in February 2022, USDC started to gain traction and started to challenge Tether’s (USDT) dominance of the stablecoin market. The report also stated that the USDC network had processed $1.3 trillion in transactions in the last year, with 75 million addresses created.
The report highlighted the importance of USDC for the crypto ecosystem, noting that it is transforming the way money is moved and stored, and allowing for more efficient payments and transfers. This is especially important for those living in developing countries who may not have access to traditional banking services.
The World Economic Forum was an important platform for Circle to highlight the potential of USDC and the importance of promoting responsible innovation. By promoting inclusive growth, sustainability and use cases rooted in the utility value of USDC, the company hopes to reset the crypto narrative and open up a world of possibilities for people everywhere.