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USDC Dominates Stablecoin Growth on Emerging Blockchains: Hyperliquid, XDC, and Sonic Lead the Charge

USDC Dominates Stablecoin Growth on Emerging Blockchains: Hyperliquid, XDC, and Sonic Lead the Charge

If you've been keeping an eye on the crypto space, you know stablecoins are the backbone of many blockchain ecosystems. They're digital assets pegged to stable fiat currencies like the US dollar, making them less volatile and perfect for trading, payments, and DeFi activities. Recently, a post from Token Terminal highlighted some impressive growth stats for stablecoins over the past 30 days, and Circle's USDC is stealing the show.

According to the data shared on X (formerly Twitter), the top three fastest-growing stablecoins by market cap percentage increase are all variants of USDC on different chains. Here's a quick breakdown:

  • First place: USDC on Hyperliquid with a whopping +102.5% growth. Hyperliquid is an up-and-coming layer-1 blockchain focused on high-performance DeFi, and this surge shows how quickly it's attracting liquidity.

  • Second place: USDC on XDC Network at +91.0%. XDC is known for its enterprise-grade blockchain solutions, often used in trade finance and payments, bridging traditional finance with crypto.

  • Third place: USDC on Sonic Labs with +86.1%. Sonic Labs is pushing boundaries in decentralized applications, and this growth underscores its rising popularity among developers and users.

Circle, the issuer behind USDC, is clearly expanding its reach beyond the usual suspects like Ethereum and Solana. By deploying USDC on these emerging platforms, they're helping bootstrap liquidity and foster broader adoption in the blockchain world.

Table showing top stablecoin market cap growth over 30 days

Looking at the full table in the post, other notable mentions include AUD from Agora on Ethereum (+57.3%) and USD1 from World Liberty Financial (+56.7%). But it's USDC's multi-chain strategy that's really paying off, as it continues to dominate the stablecoin market.

This trend matters for anyone in crypto, including meme token enthusiasts, because stablecoins like USDC often serve as the on-ramp for trading volatile assets. Higher liquidity on these chains could mean more opportunities for meme projects to thrive there. If you're building or investing in blockchain tech, keeping tabs on stablecoin growth is a smart way to spot the next hot ecosystem.

For more insights on how stablecoins intersect with meme tokens and blockchain innovations, check out our knowledge base at Meme Insider.

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