$5B in One Week: Circle's Record-Breaking USDC Minting Surge

Circle, the issuer of USDC, printed $5 billion worth of its stablecoin in the week ending August 26. This is the largest single-week minting for USDC since the start of 2026.

The surge in issuance pushed USDC's circulating market cap to around $73.88 billion, a 2.67% jump in seven days. Gross issuance reached $5 billion, but some of that was eaten into by redemptions, keeping the actual circulating supply from ballooning by the full amount.

Circle and Tether together minted roughly $3 billion in stablecoins within a 48-hour window earlier in the week. The total stablecoin market cap climbed to $303.72 billion, a 0.94% increase over the same period.