There is a cryptocurrency that is "resurfacing",

One stablecoin is attracting attention due to its resurgence and that is USD Coin (USDC), allowing it to have substantial growth so far in 2024. This is shown by data from the second largest cryptocurrency exchange on the market, Coinbase.

The supply of USDC, a currency issued by the Circle company, has shown an increase of 14.3%, exceeding $3.5 billion since December 1, 2023, indicates a report from the exchange.

This increase has raised the total market capitalization of USDC to $28 billion, as seen in the graph below, marking a positive change after experiencing declines in the first three quarters of last year.

One of the factors driving this “resurgence” of USDC is its expansion beyond the borders of the United States. “It has increased its share of spot and derivatives activity almost fivefold, although to a still low 4% of total global CEX volume,” notes Coinbase.

Added to that is the re-listing of USDC on the Binance exchange. The exchange, for a few months, had dispensed with several stablecoins on its trading platform, leaving only USDT and BUSD (the rest of the stablecoins could only be used for depositing or withdrawing).