HBAR Eyes ETF Approval After 1200% USDC Surge on Hedera

• USDC growth on Hedera boosted by major exchange listings and efficiency.
• HBAR spot ETF is still likely despite the SEC delay past the July deadline.

The Hedera network saw major growth in the first half of 2025, led by a sharp rise in USDC activity. Hedera network data, the supply of USDC minted on its blockchain rose by 1200% between January and June 2025. 

The spike followed USDC’s listings on Binance and Crypto.com, two of the largest cryptocurrency exchanges globally. These listings increased the stablecoin’s accessibility and brought in new users.

Transaction activity also saw a sharp rise. During the same period, Hedera recorded a 420% increase in wallet-to-wallet transfers. Despite the uptick, the network continued to charge a fixed fee of $0.001 per transaction.

Hedera’s infrastructure supports more than 10,000 transactions per second (TPS). The network maintains low latency, finality in seconds, and no gas price fluctuations.

HBAR ETF Decision Missed, But Outlook Remains Strong

Meanwhile, attention has turned to the pending decision on a proposed HBAR spot ETF. The U.S. Securities and Exchange Commission (SEC) missed its July 7, 2025, deadline to rule on the application submitted by Canary Capital Group. The proposed ETF would offer direct exposure to HBAR, tracking the CoinDesk Hedera USD Index.

BitGo and Coinbase Custody were named as custodians in the filing, which was originally submitted on February 24, 2025. Despite the delay, Bloomberg analysts James Seyffart and Eric Balchunas maintain a 90% likelihood of approval by year-end. They noted strong market confidence and suggested that HBAR will likely be treated as a commodity.

At press time, Hedera’s native token HBAR is trading at $0.1710, reflecting a 6.22% increase in the past 24 hours. The price move follows heightened trading activity and continued speculation around the ETF decision.

With rising USDC adoption on the network and optimism surrounding the ETF, Hedera’s presence in the digital asset market continues to strengthen.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.