Artemis founder: USDC market value may exceed $370 billion by 2029

Odaily Planet Daily News: Jon Ma, founder of Artemis, a cryptocurrency institution data platform, announced in an article on X platform that Circle Payment Network (CPN) has been added as a revenue item. The data predicts that the B2B payment scale will exceed $570 billion by 2029, and if 20% of it is in CPN, then 0.1% of commission income will flow to Circle. In addition, according to the current growth rate of the stablecoin market, if the supply of stablecoins increases by 30% year-on-year in 2029, reaching $1.2 trillion, based on USDC's 28.5% market share in the stablecoin market, its market value may exceed $370 billion, a year-on-year increase of 32%.