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      USDC Sees Significant Growth in Stablecoin Market Cap

      Circle's USDC has emerged as a leader in the stablecoin market, adding approximately $584 million to its market cap within a week. This growth contributed to a total increase of $1 billion across several stablecoins, including Ethena's USDe and PayPal's PYUSD, as the overall stablecoin supply approaches between $303 billion and $310 billion.

      Currently, USDC represents about 24% of the total stablecoin market, with its market cap estimated between $74 billion and $77 billion. In contrast, Tether's USDT maintains a dominant position with around $184 billion, accounting for approximately 60% of the market share. Despite trailing USDT in total supply, USDC has captured a significant portion of the adjusted on-chain transaction volume, achieving between 60% and 70% in various periods throughout 2026.

      The recent growth in USDC's supply aligns with a trend of consistent minting demand. In August 2026, USDC experienced a notable increase of $1.5 billion in a single week, indicating a pattern of sustained interest rather than isolated spikes. The combined weekly increase of $1 billion was driven by USDC, USDe, and PYUSD, each with distinct operational frameworks and risk profiles.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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