USD Coin USD Coin
Trading Volume (24h) $3.18B
Holders 730K
Transferred on Chain (Total) $4.20T
Holders 730K
Transferred on Chain (Total) $4.20T
Launched October 2020
Launched June 2021
Launched September 2020
Launched January 2021
Launched December 2021
Launched September 2021
Trading Volume (24h) $1,945,632

Since its launch in 2018, USDC has become powerful market infrastructure for applications and businesses of all sizes in nearly every industry. USDC flows seamlessly across many of the world’s leading blockchains and is widely used throughout this transformative internet layer.

Total ETH USD in circulation

Ethereum USDC is built on ERC-20, which is the most widely adopted standard in blockchain applications. Since its launch, Ethereum USDC has become a fundamental building block that exhibits deep liquidity and trading on venues and exchanges worldwide across both centralized and decentralized infrastructures.

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Total SOL USD in circulation

Solana USDC launched in January 2021 and already has extensive adoption across leading crypto exchanges such as FTX, DeFi ecosystems such as Serum, Raydium, and Saber and Mango Markets, creator platforms, such as Audius, NFT marketplaces like Metaplex, and several native wallets, including Phantom, SolFare, Exodus and Binance’s highly popular Trust Wallet.  The Solana network has several powerful tools, including Wormhole, a secure, decentralized bridge connecting it to Ethereum. The Solana ecosystem is robust, with more than 80 projects and millions of users. With Solana USDC, developers can build on this ecosystem and access Circle’s full suite of payments and treasury infrastructure built around USDC.


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Total TRON USD in circulation

TRON USDC launched in June 2021 and already has seen significant growth and adoption, with more than $200 million of activity within a few months. TRON was built with high scalability, speed (up to 2,000 transactions per second) and availability.

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Total ALGO USD in circulation

Launched in late 2020, Algorand USDC serves as a foundation for fast, low-cost, simple movement of funds across traditional banks, card networks and digital dollars on the Algorand blockchain. It has scaled quickly, with more than 200 million Algorand USDC in circulation as of September 2021. With partners like crypto broker Floating Point Group already supporting Algorand USDC, the network is robust and continuing to grow.

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Total XLM USD in circulation

Stellar USDC combines the power and inclusivity of the Stellar network with the world’s fastest-growing dollar digital currency. Stellar USDC enables seamless, near instant, low-cost cross-border payments, remittances and next-gen treasury management, and is already supported on many prominent projects. To date, Stellar USDC supply has already grown past $12 million, with a total payment volume of more than $7.7 billion and nearly 40,000 accounts with trustlines created.1


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Total Avax USD in circulation

Avalanche is an eco-friendly, decentralized smart contracts platform driving some of the most important projects across DeFi and NFTs. Since launching in September 2020, Avalanche has become one of the fastest-growing ecosystems in crypto, with more than 350 projects, 1,100 separate block-producing validators and over one million community members. Avalanche is compatible with Ethereum smart contracts and tooling, which enables Ethereum users and developers to quickly access and launch high-performance decentralized apps. Transactions on Avalanche are executed with low fees and near-instant finality. During the UN’s COP26 conference in November 2021, Avalanche announced it has become a net-zero carbon output blockchain, heralding a new era of sustainability in the blockchain ecosystem.

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Total HBAR USD in circulation

Hedera is an institutional-grade public network that’s built for processing large transaction volumes with incredible speed and low costs — with greater energy efficiency than other blockchains. It’s handled more than 1.6 billion in transactions and grown to more than 410,000 accounts since its launch in 2018. With governance input from major global companies, extremely low carbon usage and native access to the leading dollar digital currency, Hedera is poised to continue its strong growth.

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USDC is transforming finance

USDC is everywhere

More wallets, exchanges, platforms, protocols, apps and service providers are integrating USDC than ever before. It is widely used for payments, enabling more frictionless value exchange for people and businesses across the world.

USDC helps projects grow

Developers build on USDC to drive projects that impact businesses and communities around the world. Using USDC can help you enable your users and customers to exchange and deliver value more easily.

Decentralized Finance (DeFi)

USDC has become a backbone of crypto capital markets, where blockchain-based “smart contracts” eliminate the need for traditional intermediaries and automatically match buyers, sellers, borrowers and lenders, opening financial access to more people.

Centralized Finance (CeFi)

CeFi users can earn predictable yield on USDC they hold on these platforms, and institutional accredited investors can allocate funds into Circle Yield*, a fixed-term investment built on USDC and overcollateralized with bitcoin.

Digital Asset Trading

Institutional traders and retail investors alike use USDC as a base currency for quickly entering and exiting positions in crypto capital markets globally.

Traditional and crypto-native businesses

Corporate brands and gaming companies are using USDC to build marketplaces for NFTs and other digital assets that extend their brand experience and deepen customer engagement.

Global payments and remittances

USDC makes it possible to transfer value globally at the speed of the internet for a fraction of a cent, and easily convert back to local fiat currencies through hundreds of exchanges globally.


USDC is available to almost everyone with an internet connection. People around the world can obtain USDC to gain U.S. dollar exposure and use it for payments, transfers, trading and investing and as a trusted store of value. Learn how individuals can get USDC.

Decentralized Finance (DeFi)

USDC has become a backbone of crypto capital markets, where blockchain-based “smart contracts” eliminate the need for traditional intermediaries and automatically match buyers, sellers, borrowers and lenders, opening financial access to more people.

How businesses can access USDC


How businesses can access USDC

The fastest, easiest way for businesses to access and use USDC is through a free Circle Account and via our leading suite of Payments, Payouts and Accounts APIs. This innovative, digital-native payments and treasury infrastructure can power businesses of all sizes across multiple blockchains, reducing costs and settlement times while expanding reach to millions of new customers. 

10 stablecoin myths, busted

In this report, Circle's Chief Strategy Officer and Head of Global Policy, Dante Disparte provides in-depth insight into the 10 most common misconceptions about stablecoins.

Read The Paper

Enabling digital-native payments & treasury

Regardless of the amount you need to send and where you need to send it, USDC provides a scalable way to transfer value quickly and cost-effectively, whether across the street or across borders. USDC is available to everyone with an internet connection.


Minting & redeeming

Businesses — including institutional traders — can easily convert fiat currency to USDC to trade on crypto exchanges and DeFi protocols, and convert USDC back to fiat currency at any time on an exchange or with a Circle Account.

Sending & receiving funds on-chain

Global businesses can use USDC for near-instant payouts to vendors and suppliers, and direct deposit payroll for employees. Remittance companies, eCommerce marketplaces, video game studios, DAOs and others use USDC to enable faster, more efficient payments.

Investing, borrowing & lending

USDC is integral to Decentralized Finance (DeFi), a new set of code-based financial markets that eliminates intermediaries and matches buyers, sellers, borrowers and lenders via smart contracts. Institutional accredited investors can also allocate treasury funds into Circle Yield*, a fixed-term crypto investment that’s built on USDC and overcollateralized with bitcoin. 

Circle Yield

Get crypto-generated returns without the complexity. Circle Yield* is a fixed-rate investment built on USDC and fully secured with bitcoin collateral to help you balance growth and security.

See Current Rates

Build on open internet infrastructure


Build on open internet infrastructure

Thousands of developers are taking advantage of USDC's open-source smart contract to build the future of commerce. In addition, developers can integrate their apps with Circle APIs to accept both fiat and USDC payments, automate payouts, embed digital-asset accounts infrastructure into their product or service and power their internet marketplace.

A pillar of the blockchain ecosystem


USDC open-source software is managed by Centre Consortium, an organization driving standards for the adoption of trusted stablecoins, plus identity and payment standards. USDC is live on many of the world’s most powerful and innovative blockchains, with additional chain integrations expected. This broad, native availability and the ability to seamlessly swap across the ecosystem means developers who build with USDC can extend their reach. 

Centre Consortium’s second major standards initiative is Verite, which provides decentralized identity for crypto finance. Verite is a collection of standardized protocols that can help make it safer, easier and more efficient to do business across the transformative world of DeFi and Web3 commerce. Verite is free and open for anyone to use and build upon.

See ways to access USDC

Transparency & compliance

USDC is fully backed by cash and short-dated U.S. government obligations, so that it is always redeemable 1:1 for U.S. dollars. Each month, we publish attestation reports by Grant Thornton regarding the reserve balances backing USDC. Circle is a licensed money transmitter in 46 U.S. states, plus Washington, D.C. and Puerto Rico.


Attestation reports

Weekly USDC reserves breakdown1



May 13th, 2022
May 20th, 2022

  USDC in circulation



  USDC reserves 2






Short-duration U.S. Treasuries





USDC issuance and redemption, May 13th – 20th 20221

USDC issued $8.6B
USDC redeemed $6.3B
Weekly change in circulation $2.3B

1 Data snapshot as of May 20th, 2022 12pm ET. These weekly figures were calculated by Circle Internet Financial, LLC and have not been verified by any independent third party auditor (Including Grant Thornton). A Circle customer can always mint or redeem USDC in 1:1 exchange for U.S. Dollars through their Circle Account; customers are able to mint and redeem nearly instantly subject to settlement of funds

2 USDC is backed by the equivalent value of U.S. dollar denominated assets; USDC reserves are kept in the custody of leading U.S. financial institutions, including BlackRock and Bank of New York Mellon. Cash is held at US financial institutions; US Treasuries are held at third party custodians (US Bank, Bank of New York Mellon) and managed by professional asset managers (US Bank Asset Management, BlackRock)

Talk to our team

We’d love to get to know you, answer your questions, and help you realize the power of digital dollars for your business.



* Offering subject to business approval, geographical availability**, and regulatory authorization, and there is no guarantee that the product will become available in a specific timeframe or to a specific customer or geography. Circle Yield product offered through Circle International Bermuda Limited (“Circle Bermuda”). Circle Bermuda has entered into lending arrangements with one or more institutional borrowers, including Genesis Global Capital, LLC.  These borrowers pledge and transfer Bitcoin into custody with a third party custodian as collateral for their USDC borrowings and Circle Yield investors benefit from a security interest in Circle Bermuda’s security interest in the pledged Bitcoin.

Circle Account and money transmission services are provided by Circle Internet Financial, LLC. Circle Internet Financial, LLC, NMLS # 1201441, is a licensed provider of money transmission services. Circle Bermuda is licensed by the Bermuda Monetary Authority and holds a Bermuda Digital Asset Business (DAB) License, No. 54786. A full list of Circle’s licenses can be found at

Circle is not a bank; your Circle Account is not a bank account, and any funds are not insured or protected by government compensation and/or regulatory protection schemes by the Federal Deposit Insurance Corporation, the Securities Investor Protection Corporation or by any US or foreign government agency, insurance fund, person or entity. For investors in the United States, investments described in this communication are offered by Circle Bermuda to “accredited investors” only in accordance with Regulation D, Rule 506(c) of the Securities Act of 1933, as amended. Neither the SEC nor any other regulatory body has approved or disapproved Circle Yield. While Circle Bermuda is regulated by the Bermuda Monetary Authority for digital asset business, Circle Bermuda is not engaged in banking and deposit taking activities and is not regulated for these purposes. You should carefully conduct your own investigations and analyses in connection with any participation in this product, including its objectives, risk factors, fees and expenses and the information set forth in these materials. All prospective participants in the products described herein are advised to consult with their legal, accounting and tax advisers regarding any potential participation. Tax may be payable on any return on and/or any increase in the value of your investment and you should seek independent advice on your taxation position. Please read the offering documents carefully before you invest. Additional information is available upon request. 

** Not currently available in the following U.S. states: Alaska, Minnesota, New York and Hawaii.

***Learn more about Genesis Global Capital, LLC here.