Circle’s USDC Supply Surges $5B as Stablecoin Market Expands

Circle minted about $5 billion in USDC over the past week, pushing the stablecoin’s circulating supply to nearly $74 billion as demand for dollar-linked digital assets grows.

USDC’s circulating supply reached $73.88 billion, up 2.67% in seven days, according to DefiLlama. The broader stablecoin market stood at $303.71 billion. Tether’s USDT remained the largest stablecoin, with a market capitalization of $183.17 billion.

USDC Minting Draws Attention

Lookonchain reported on Aug. 21 that Circle and Tether had minted a combined $3 billion in stablecoins over 48 hours. However, gross minting does not necessarily mean all newly created tokens entered circulation.

A lot of money is flowing into the crypto market!

In just the past 2 days, #Circle and #Tether have minted $3B in stablecoins.https://t.co/j23jNFFbikhttps://t.co/C5Uwl9kpxq pic.twitter.com/GuAqWAVKOJ

— Looko…

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