Token Terminal's weekly Snapshot analyzes Circle's expansion beyond USDC into transaction-based revenues via CCTP, yield-bearing assets with USYC, and EU markets through EURC on Stellar and other chains. It highlights new project listings like Starknet and Deliswap, stablecoin additions, and platform updates including Queries SQL access. The newsletter showcases data-driven crypto insights with charts and product improvements.
The Snapshot edition focuses on Circle's growth strategies, detailing CCTP's $28.9B quarterly transfer volume (6.3x YoY) for cross-chain USDC transfers across 15+ blockchains, reducing bridge risks and generating fees. USYC, a tokenized money market fund, has reached over $1B in assets, offering onchain yield access with performance fees. EURC, Circle's MiCA-compliant euro stablecoin issued on Stellar, Avalanche, Base, Ethereum, and Solana, has grown 150% YTD to $367M market cap, addressing euro liquidity needs. New listings include Starknet, Deliswap on Base, Stargate by LayerZero, and 79 basic projects plus 25 stablecoins. Metric updates feature stablecoin off-peg tracking for USDT, USDC, and others, plus Venus breakdowns in Queries. Platform enhancements improve Studio charting for tokenized assets and ratios, and Market Overview treemaps. Queries now offers advanced SQL access to granular blockchain data across 100+ chains.
