With Circle’s operations codified into law via the GENIUS Act, we walk through what it takes to grow a stablecoin network. Read to learn more.
At Circle, we have learned through deep experience that creating a successful stablecoin is about building the deep financial, technical, and regulatory foundations that make USDC safe, useful, and trusted worldwide. We are a stablecoin-first company with hundreds of people dedicated to regulatory compliance, control functions, operations, and partnerships.
Many new stablecoins have entered the market, but replicating USDC’s scale, trust, and adoption has proven difficult. With Circle’s operations codified into law via the GENIUS Act, here is a look at what it takes to grow a stablecoin network.
1. Circulation and liquidity
USDC is the world’s largest regulated1 stablecoin, and one of the most liquid stablecoins in the world. With more than $75 billion in circulation2 and daily trading volumes regularly topping $10 billion,3 USDC has established a global presence that new entrants cannot easily match. Liquidity begets more liquidity, and over time, this creates powerful network effects. Businesses, banks, and institutions adopt USDC because they know it’s available, trusted, regulated, and widely adopted and used globally.
2. Broad and growing distribution
USDC is strengthened by the ecosystem that already builds around it. Our market neutral infrastructure and 24/7 availability mean that many of the world’s most respected financial institutions and enterprises, ranging from traditional payments giants to banks, neobanks, and asset managers, are building on top of USDC, which is enabling USDC is to drive the mainstream adoption of stablecoins around the world.
3. Deep fiat integration
A stablecoin is only as strong as its connection to the banking system. USDC is banked by multiple global systemically important banks (GSIBs) and large regional banks worldwide, providing global accessibility and diversified risk management. Since 2018, Circle has bridged more than $1 trillion between the traditional banking system and digital payment rails.4 This makes USDC one of the most established on- and off-ramps, with significant scale for institutions accessing the internet financial system.
4. Compliance from day one
Circle has always championed a compliance-first approach. Our compliance program focuses on a wide range of laws and regulations enacted by U.S. federal, state, and local governments, foreign governments, and supra-national regulatory authorities.
5. Tech that works for users
Stablecoins can only achieve mainstream adoption if the underlying infrastructure fades into the background, becoming invisible plumbing and wiring like the rest of the internet. Circle has built a comprehensive tech platform to make it easy to use and integrate with USDC. Whether you want to access, send, spend, or hold stablecoins, USDC “just works.” That is why many banks, payment providers, and businesses choose USDC as the foundation of their stablecoin strategies.
The time is now
It is no longer viable to put off forming a stablecoin strategy. Working with Circle is the fastest path to plug into the world’s largest regulated1 stablecoin to drive payments innovation for banks, businesses, and their customers.
1 USDC is issued through regulated affiliates of Circle. A list of Circle’s regulatory authorizations can be found here.
2 As of October 8, 2025.
3 As of October 8, 2025.
