Crypto

$USDC Circulation Surges by 1 Billion Amid Growing Stablecoin Demand

Guavy AI Editorial Team Published August 30, 2026

Instruments

USDT USDC

Circle, the issuer of the USD Coin ($USDC), reported a net increase of 1 billion tokens in circulation for the latest reporting period. The company issued approximately 11.2 billion $USDC and redeemed about 10.2 billion $USDC, bringing total circulation to 73.7 billion.

Reserves backing the stablecoin stand at roughly $74 billion, according to Circle’s disclosures. This steady growth in stablecoin market demand is driven by decentralized finance (DeFi) and cross-border payments.

$USDC remains one of the largest stablecoins by market capitalization, competing closely with Tether's USDT. The increase in circulation aligns with broader market trends where stablecoins are increasingly used as a liquidity bridge in crypto trading and as a store of value in regions with volatile local currencies.

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