March 20, 2020 USDC’s total supply has risen by 42% since March 1.

USDC, the USD-pegged stablecoin has seen its total supply rise by 42% since March 1 according to figures collected by The Block. USDC’s market capitalization has risen by approximately 200 million in this time and now stands at over $600 million. This sharp rise comes amid a vote by the MakerDAO governance community on Tuesday to add USDC as its third and latest type of collateral and a post from Coinbase on Wednesday claiming that both retail and institutional clients have been adopting USDC recently due to the trust they place in the regulated stablecoin during the current volatility in global financial markets.