{"id":10416,"date":"2026-03-08T06:00:31","date_gmt":"2026-03-08T06:00:31","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/stablecoin-market-breaks-records-usdc-controls-70-of-1-8-trillion-volume\/"},"modified":"2026-03-08T06:00:31","modified_gmt":"2026-03-08T06:00:31","slug":"stablecoin-market-breaks-records-usdc-controls-70-of-1-8-trillion-volume","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/stablecoin-market-breaks-records-usdc-controls-70-of-1-8-trillion-volume\/","title":{"rendered":"Stablecoin Market Breaks Records \u2014 USDC Controls 70% Of $1.8 Trillion Volume"},"content":{"rendered":"

Billions of dollars in fresh USDC were printed in just the first week of March \u2014 a minting pace that, if sustained, could push Circle’s total for the month past $12 billion.<\/p>\n

That surge is one sign of the momentum behind a broader milestone: total stablecoin transfer volume<\/a> hit $1.8 trillion in February, the highest monthly figure on record.<\/p>\n

USDC Pulls Far Ahead Of Tether<\/h2>\n

USDC<\/a>, issued by Circle Internet Group, accounted for roughly 70% of all stablecoin transfers last month \u2014 about $1.26 trillion. Tether’s USDT<\/a> logged $514 billion over the same period.<\/p>\n

That gap surprised some analysts, given that Tether holds the larger market cap by a wide margin \u2014 $184 billion compared to USDC’s $77.4 billion.<\/p>\n

According to Simon Dedic, founder of Moonrock Capital, USDC has “consistently flipped” Tether on transfer volume over the past several months.<\/p>\n

The disparity means each dollar of USDC is moving far more often than each dollar of USDT.<\/p>\n

\"\"<\/p>\n

Data from blockchain analytics firm Allium confirmed the February figures.<\/p>\n

Circle’s business has been growing fast. The company posted strong earnings for the fourth quarter of 2025, driven by rapid expansion of USDC’s payment operations.<\/p>\n

Partnerships with platforms such as Polymarket<\/a> have added to that momentum. Tether’s supply, by comparison, has held relatively flat through the start of March while USDC continues to be printed at speed.<\/p>\n

What Rising Stablecoin Supply Means For Markets<\/h2>\n

More stablecoins on exchanges generally means more money ready to buy crypto. On March 5 alone, roughly $5.14 billion in stablecoins<\/a> flowed into exchanges \u2014 up from $1.14 billion just four days earlier on March 1.<\/p>\n

\"\"<\/p>\n

The total stablecoin supply sitting on exchanges climbed to a three-week high of $66.5 billion by Friday. Historically, big jumps in exchange stablecoin supply have preceded crypto price rallies, as sidelined capital gets redeployed into the market.<\/p>\n

Bitcoin briefly pushed toward $74,000 this week, partly lifted by that stablecoin inflow. The Stablecoin Supply Ratio \u2014 which measures Bitcoin’s market cap against total stablecoin market cap \u2014 has been recovering after a sharp drop in February.<\/p>\n

\n

CIRCLE JUST MINTED $250M $USDC<\/a><\/p>\n

Circle just minted another $250M USDC on Solana. They\u2019ve minted over $3 BILLION in just this first week of March.<\/p>\n

If Circle continue at this pace, they\u2019re on track to mint over $12 Billion USDC by the end of the month. pic.twitter.com\/aoQKi6zbFE<\/a><\/p>\n

\u2014 Arkham (@arkham) March 7, 2026<\/a><\/p>\n<\/blockquote>\n

\"\"<\/p>\n

A Closer Look At The Numbers<\/p>\n

The February record was not just about USDC. Overall stablecoin adoption has been climbing. Florida’s state senate passed a stablecoin bill this week, which now awaits the governor’s signature.<\/p>\n

Regulatory movement at the state level, combined with growing institutional use of dollar-backed tokens for payments and settlement, has kept demand rising.<\/p>\n

USDC’s $1.26 trillion in February transfers marks the highest monthly total since the stablecoin launched in September 2018.<\/p>\n

Reports indicate Circle has already minted more than $3 billion in USDC in March’s first week, with Arkham data<\/a> showing one single mint of $250 million on Solana.<\/p>\n

Featured image from Bitkub Academy, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Billions of dollars in fresh USDC were printed in just the first week of March \u2014 a minting pace that, if sustained, could push Circle’s total for the month past $12 billion. That surge is one sign of the momentum behind a broader milestone: total stablecoin transfer volume hit $1.8 trillion in February, the highest…<\/p>\n","protected":false},"author":1,"featured_media":10417,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1014],"tags":[12,22,32,35,51,828,1497,1067],"class_list":["post-10416","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stablecoin","tag-altcoins","tag-bitcoin","tag-btc","tag-btcusd","tag-crypto","tag-stablecoin","tag-usdc","tag-usdt"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/10416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=10416"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/10416\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/10417"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=10416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=10416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=10416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}