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USDC Market Cap
Last 5 years (in billions)
Market cap (USD)
$78.7B
Total USDC in use
185+
Countries reached
25M+
Unique wallets
$19.0B
Daily trading volume
Market data from CoinGecko API · Chain distribution manually curated
Download USDC market data
Export circulating supply, chain distribution, market share, and 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 Rewards, Aave, Compound, Morpho. 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 buying, selling, and 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 cost, speed, and 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 cap, behind 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-backed, dollar-pegged stablecoin on Ethereum.
March 2021
USDC goes multi-chain
USDC expands beyond Ethereum to Solana, Algorand, and Stellar, making 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 safe, and the peg fully recovered within days.
September 2023
Native USDC on Base
Circle launches native USDC on Coinbase's Base chain, bringing 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 NYSE, a milestone for stablecoin legitimacy in traditional finance.
February 2026
Supply surpasses $60B
Growing institutional demand and on-chain commerce push USDC supply past $60 billion, approaching its previous all-time high.
What people are saying about USDC
Curated highlights, updated March 2026
Brian Armstrong
CEO, Coinbase
“Stablecoins are the killer app. USDC on Base is seeing record volumes as more people discover near-instant, near-free dollar transfers.”
Sep 20, 2025
Patrick Collison
CEO, Stripe
“Stablecoins are one of the most promising developments in payments. They work globally, settle instantly, and cost almost nothing.”
Oct 15, 2025
Caitlin Long
CEO, Custodia Bank
“USDC is showing what compliant stablecoin infrastructure looks like. Fully reserved, fully transparent, fully audited.”
Aug 12, 2025
David Marcus
CEO, Lightspark
“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 3, 2025
Data Sources
- •CoinGecko API — Live market cap, circulating supply, and 24h volume (refreshed hourly)
- •Dune Analytics — On-chain supply distribution, stablecoin market share, holder count, and 30d volume (includes native and bridged USDC, refreshed 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 distribution, milestones, and editorial content are manually curated. We do not provide financial advice.
Cite this data
USDC.org. "USDC Circulating Supply & Market Data." Updated April 16, 2026. https://usdc.org/stats
Learn more about USDC
Start with our beginner guide to understand how USDC works.