Circle’s USDC Net Circulation Rises by 1 Billion as Stablecoin Demand Grows

Circle, the issuer of the USD Coin ($USDC), reported a net increase of 1 billion tokens in circulation for the latest reporting period. The company issued approximately 11.2 billion $USDC and redeemed about 10.2 billion $USDC, bringing total circulation to 73.7 billion. Reserves backing the stablecoin stand at roughly $74 billion, according to Circle’s disclosures.

Steady Growth in Stablecoin Market

The net issuance reflects continued demand for dollar-pegged digital assets, particularly in decentralized finance (DeFi) and cross-border payments. $USDC remains one of the largest stablecoins by market capitalization, competing closely with Tether’s USDT. The increase in circulation aligns with broader market trends where stablecoins are increasingly used as a liquidity bridge in crypto trading and as a store of value in regions with volatile local currencies.

Circle’s reserve composition, which includes cash and short-term U.S. Treasuries, is a key trust factor for institutional users. The company publishes monthly attestations to verify that reserves match the circulating supply. This transparency has helped $USDC gain traction among regulated financial institutions and payment platforms.