Circle's Stock Halved in 45 Days: USDC Circulation Plummets, Deep DeFi Ties Expose Risks

News Editor

2026-06-30 00:31:39

Circle's stock price halved in 45 days, accompanied by a sharp drop in USDC circulation. Data shows 75% of USDC flows through exchanges and DeFi protocols. TVL contraction and security incidents heighten market concerns. Despite compliance use cases like institutional payments, USDC issuance growth remains heavily dependent on DeFi activity.

CircleUSDCStablecoinDeFiStock HalvingTVL DeclineMarket Analysis

Circle's Stock Halves, USDC Circulation Drops

Circle's stock price has halved in 45 days, with USDC circulation declining sharply. Market data indicates that 75% of USDC currently flows through exchanges and DeFi protocols, showing deep ties to the DeFi ecosystem. The contraction of total value locked (TVL) and recent security incidents have further fueled concerns about the stability of the USDC model.

USDC Growth Relies on DeFi Activity

Although USDC has found applications in compliant payments and institutional settlements, its actual supply growth remains heavily dependent on DeFi ecosystem activity. Amid the broader DeFi downturn, both supply and demand for USDC are under pressure, leading to a rapid decline in its circulating market capitalization.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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