Circle's USDC Stablecoin Captures 62% of Market Volume Amid Bearish CRCL Stock

Circle's USDC stablecoin dominated the market in July 2026, capturing 62% of the $1.36 trillion in total stablecoin volumes.

The figure represents a significant drop from June's record $1.2 trillion in USDC volumes, and coincided with a decline in Circle's CRCL stock price.

Despite this, TD Cowen has initiated coverage on CRCL stock and assigned it a buy rating, predicting the price could reach $82 due to the company's dominance among stablecoins.

The Wall Street firm also forecasts that USDC supply will increase by 31% every year until 2030, driven by institutions seeking to bring traditional finance to the blockchain.