The World Economic Forum (WEF) was attended by USD Coin (USDC) founder Circle to discuss “why USDC is a dollar with super powers.”
Between January 16 and January 20, 2023, almost 1,500 business and governmental leaders from all across the world attended the WEF in Davos.
According to Circle’s report, the occasion was crucial for the firm. Circle claimed to have made use of the WEF platform 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.“
In more than a dozen meetings with WEF attendees, Circle provided a summary of the development of money and the legal frameworks for cryptocurrencies that encourage responsible innovation.
Circle also stressed its belief that the “future of money should include everyone.”
The amount of USDC in circulation increased from $0 to $45 billion in four years, according to Circle’s “State of the USDC Economy” report, which was released on January 17. It is supported by wallets from 190 different countries, is the native currency of eight blockchains, and has more than 200 integrated protocols.
In February 2022, almost a year ago, USDC began to increase its stablecoin market share, posing a threat to Tether’s (USDT) dominance. Despite the bear market, USDC’s market share among stablecoins grew.
According to recent data, USDC presently has a higher transfer volume, while USDT continues to be the market’s largest stablecoin.
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