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USDC Market Cap
Last 5 years (in billions)
Market cap (USD)
$71.9B
Total USDC in use
185+
Countries reached
25M+
Unique wallets
$11.1B
Daily trading volume
Market data from CoinGecko API · Chain distribution manually curated
Download USDC market data
Export circulating supplychain distributionmarket shareand yield data as CSV.
USDC Savings Rate Index
ExclusiveHow USDC yields compare to the current Federal Funds Rate
4.5%
Avg. USDC Yield
4.25%
Fed Funds Rate
+0.25%
Yield Spread
USDC Yield4.5%
Federal Funds Rate4.25%
USDC yield: Average of Coinbase RewardsAaveCompoundMorpho. Fed rate: Federal Reserve (FOMC upper bound).
Last updated: 2026-03-26. Not financial advice.
Key Facts
185+
Countries reached
30+
Blockchains supported
Monthly
Attestation by Deloitte
What these numbers mean
Total USDC in circulation
This is how many dollars people have converted into USDC. Each token is backed 1:1 by cash and short-term U.S. Treasuries held in reserve.
Countries reached
USDC works in 185+ countries without bank intermediaries. Anyone with an internet connection can send or receive dollar-value payments.
24-hour trading volume
How much USDC changes hands each day. Higher volume means better liquidity and easier buyingsellingand transferring.
Supply trend
Growing supply signals more people and businesses choosing USDC. The market cap chart above shows how adoption has changed over time.
Where USDC lives
USDC supply by blockchain. Each network offers different trade-offs between costspeedand ecosystem.
USDC on EthereumUSDC on SolanaUSDC on BaseUSDC on ArbitrumUSDC on TronUSDC on AvalancheUSDC on PolygonUSDC on OptimismUSDC on Stellar
Source: Static estimates
USDC in the stablecoin market
USDC is the second-largest stablecoin by market capbehind USDT.
USDT62%
USDC26%
DAI3%
Others9%
See how USDC stacks up feature by feature. USDC vs USDT comparison
Source: Static estimates
Key milestones
September 2018
USDC launches
Circle and Coinbase launch USDC through the Centre Consortium as a fully-backeddollar-pegged stablecoin on Ethereum.
March 2021
USDC goes multi-chain
USDC expands beyond Ethereum to SolanaAlgorandand Stellarmaking it accessible across multiple ecosystems.
January 2022
Supply crosses $50B for the first time
Rapid DeFi growth and institutional adoption push USDC supply past $50 billion.
March 2023
SVB weekend and rapid recovery
USDC briefly depegged after Silicon Valley Bank collapsed. Circle confirmed reserves were safeand the peg fully recovered within days.
September 2023
Native USDC on Base
Circle launches native USDC on Coinbase's Base chainbringing fast and cheap USDC transfers to a new L2.
June 2024
MiCA compliance in Europe
USDC becomes the first major stablecoin to comply with the EU's Markets in Crypto-Assets regulation.
April 2025
Circle files for IPO
Circle files to go public on the NYSEa milestone for stablecoin legitimacy in traditional finance.
February 2026
Supply surpasses $60B
Growing institutional demand and on-chain commerce push USDC supply past $60 billionapproaching its previous all-time high.
What people are saying about USDC
Curated highlightsupdated March 2026
Brian Armstrong
CEOCoinbase
“Stablecoins are the killer app. USDC on Base is seeing record volumes as more people discover near-instantnear-free dollar transfers.”
Sep 202025
Patrick Collison
CEOStripe
“Stablecoins are one of the most promising developments in payments. They work globallysettle instantlyand cost almost nothing.”
Oct 152025
Caitlin Long
CEOCustodia Bank
“USDC is showing what compliant stablecoin infrastructure looks like. Fully reservedfully transparentfully audited.”
Aug 122025
David Marcus
CEOLightspark
“Dollar stablecoins will be the on-ramp for billions of people into the digital economy. USDC is leading that charge with real regulatory clarity.”
Nov 32025
Data Sources
- •CoinGecko API — Live market capcirculating supplyand 24h volume (refreshed hourly)
- •Dune Analytics — On-chain supply distributionstablecoin market shareholder countand 30d volume (includes native and bridged USDCrefreshed daily)
- •Circle Transparency — Reserve attestation reports by Deloitte & Touche LLP
- •DefiLlama — Stablecoin market share and cross-protocol metrics
Editorial Standards
USDC.org is an independent educational resource not affiliated with Circle or Coinbase. Market data is fetched from public APIs (see sources). Chain distributionmilestonesand editorial content are manually curated. We do not provide financial advice.
Cite this data
USDC.org. "USDC Circulating Supply & Market Data." Updated July 312026. https://usdc.org/stats
Learn more about USDC
Start with our beginner guide to understand how USDC works.