USDC Supply Reaches Record High as Trading Volumes Outpace USDT

USDC circulation hits a record $79B with year-to-date volumes totaling $2.2T, outpacing USDT in market activity.

2026-03-16

USDC’s circulating supply hit a record high of $79 billion, up about 12.9% from January’s $70 billion. The jump highlights growing demand for the stablecoin.

Mizuho’s report indicates USDC traded $2.2 trillion year-to-date, significantly exceeding USDT’s $1.3 trillion. The figures underscore USDC’s expanding footprint in the stablecoin sector.

Market participants are closely watching these dynamics as stablecoins gain traction in liquidity provisioning and payments. Regulatory and competitive developments could influence future volume trends.