Circle's USDC Dominates Stablecoin Market With 79% Share of Transaction Volume

Circle revealed that USDC accounted for 79% of the transaction volume of all stablecoins in the third quarter of 2026. According to CEO Jeremy Allaire, the CEO of Circle explained that USDC's market share of the transaction volume of all stablecoins increased significantly from 66% in the same period a year ago. The overall USDC on-chain transaction volume was $13.9 trillion, an increase of 49% year-on-year. This shows the rapid adoption of USDC in payments, trading, and blockchain-based financial applications despite stiff competition in the stablecoin space. Circle stated that the issuance and redemption volumes of USDC in the third quarter reached a new high. In total, $208 billion of USDC was issued and redeemed in Q3. This translates to an average daily amount of $2.3 billion.

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