Artemis Founder: USDC Market Cap May Surpass $370 Billion by 2029

Odaily Planet Daily reports that Jon Ma, founder of the cryptocurrency institutional data platform Artemis, posted on the X platform that Circle Payment Network (CPN) has been added as a revenue project. Data forecasts that the B2B payment scale will exceed 570 billion USD by 2029. If 20% of this is on CPN, then a 0.1% commission income will flow to Circle. In addition, according to the current growth rate of the stablecoin market, if the stablecoin supply increases by 30% year-on-year to reach 1.20 trillion USD in 2029, based on $USDC holding 28.5% of the stablecoin market share, its market value could exceed 370 billion USD, a year-on-year increase of 32%.