Circle Reports Significant Growth in USDC Onchain Transaction Volume

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by Maria Gutierrez

11 minutes ago

Made with AI

Circle has announced impressive growth in its USDC on-chain transaction volume, showcasing the increasing adoption of its stablecoin. According to analysts cited in the report, the outlook is promising, as the latest figures for the third quarter of 2026 highlight a significant surge in both transaction volume and circulation, reflecting a robust demand for USDC in the market.

Circle Reports Record USDC On-chain Transaction Volume

In the third quarter of 2026, Circle reported a staggering 139 trillion in USDC on-chain transaction volume, marking a remarkable 49% increase year-over-year. This surge indicates a growing trust and reliance on USDC as a stable medium of exchange within the cryptocurrency ecosystem.

Increase in USDC Circulation

Moreover, the average circulation of USDC has also seen a notable rise, reaching 733 billion. This increase in circulation suggests that more users are adopting USDC for various transactions, further solidifying its position in the stablecoin market.

Understanding Stablecoin Metrics

However, it's important to note that while these metrics reflect strong network activity, they do not directly correlate with revenue growth as stablecoin businesses are often evaluated based on the volume of tokens in circulation rather than the economic activities they facilitate.

Circle's Arc blockchain recently surpassed 1 billion USDC in holdings, highlighting its rapid growth and user adoption in the stablecoin market. For more details, see more.

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