USDC Circulating Supply Jumps by 800 Million in a Week

USDC Circulating Supply Jumps by 800 Million in a Week

USDC’s circulating supply grew by approximately 800 million in the past week, reaching 64.6 billion. This growth results from Circle issuing 4.9 billion USDC and redeeming 4.2 billion, reflecting rising demand for the stablecoin.

In the last week, USDC’s circulating supply grew by approximately 800 million , reaching a total of 64.6 billion USDC, according to Circle’s latest data. The increase occurred as Circle reported minting 4.9 billion USDC and redeeming 4.2 billion USDC.

The rise in USDC’s circulation signals growing demand for stablecoins, reflecting broader trends in the cryptocurrency market. Circle’s maintained reserves ensure stability, easing investor concerns about backing. The event remains under review by stakeholders within the industry.

USDC’s circulating supply recently increased by 800 million to a total of 64.6 billion, driven by rising demand for stablecoins. According to Circle’s disclosure, 4.9 billion USDC were issued while 4.2 billion were redeemed. This increase corresponds to heightened commercial or institutional interest in the stablecoin’s utilization.

“Circle issued approximately 4.9 billion USDC and redeemed approximately 4.2 billion USDC in the seven days ending August 7th, increasing the circulating supply by approximately 800 million USDC. The total circulating supply of USDC is 64.6 billion, with reserves of approximately $64.7 billion, including approximately $9 billion in cash and approximately $55.8 billion held in the Circle Reserve Fund.” – Jeremy Allaire, Co-founder & CEO, Circle

Circle, the issuer of USDC, reported these figures without additional funding initiatives linked to the mint. Ethereum continues to host approximately 64% of the USDC supply, underscoring its role within cryptocurrency infrastructure. Activities connected to DeFi platforms may experience shifts due to this supply change.

The surge is likely to impact related financial sectors, such as decentralized finance (DeFi) protocols. USDC is commonly used in DeFi for trading and liquidity provision. Changes in USDC liquidity can affect protocols like AAVE and Compound, altering their ecosystem dynamics and user strategies.

Financial and regulatory implications of this increase merit attention, potentially affecting crypto market behavior. Observers note previous peaks in March 2025, connected to similar institutional activities. USDC’s stability and reserve transparency continue to foster trust among users and investors.

Community sentiment generally welcomes the increase, with optimism about improved DeFi utility and trading opportunities. However, some caution that without corresponding on-chain demand verification, sustained minting might pose challenges. Past trends show fluctuating USDC supplies can influence governance tokens and yield strategies across cryptocurrencies.