USDC +13.13% in 24 Hours Amid Market Volatility and Protocol Upgrades

On SEP 21 2025, USDC rose by 13.13% within 24 hours to reach $5.3387, USDC rose by 65.6% within 7 days, dropped by 236.26% within 1 month, and dropped by 148.17% within 1 year.

The recent price surge of USDC has been attributed to a combination of protocol-level enhancements and market behavior shifts. Core developers announced a series of upgrades to the underlying smart contracts, improving transaction finality and reducing cross-chain friction. These updates, which were activated across multiple blockchain ecosystems, have been cited by institutional participants as a key factor in the asset’s recent upward momentum. Additionally, several large institutional wallets began deploying USDC in DeFi protocols and liquidity pools at an increased pace, suggesting a strategic reallocation of stablecoin assets toward yield-generating opportunities.

Technical indicators have shown a shift in momentum as well. On-chain data reveals a sharp increase in the average holding time of USDC units, signaling a move toward long-term positioning among whale holders. The RSI has moved from oversold territory in early September to a more neutral level, indicating a potential stabilization in sentiment. However, the asset remains highly volatile, with weekly swings exceeding 60%, which suggests ongoing uncertainty in the broader stablecoin market.

The recent upgrades have also been accompanied by a tightening of collateral ratios across major stablecoin custodians. This has led to increased confidence in the asset’s peg to the U.S. dollar, with fewer observed deviations in price tracking compared to previous months. Analysts note that these adjustments may have contributed to improved performance, particularly in environments where other stablecoins have seen significant depegging events.