Circle's products — USDC, USYC, and EURC — have seen their total circulation increase from $31 billion to $60 billion over the past 12 months. USDC accounts for 98.9% of the total circulation.

Circle's stablecoins had a transfer volume of $5.75 trillion in Q1 2025, up from $803 billion in Q1 2024. This represents a year-over-year increase of nearly 7 times.

Of the current $60 billion circulating supply, $40 billion (68%) is deployed on Ethereum Layer 1. Following closely is Solana, holding $8 billion (14%), while Ethereum Layer 2 — Base, Arbitrum, OP Mainnet, and Polygon — collectively hold $9.7 billion (16%).

According to the outstanding stablecoin supply, Circle has approximately 25% market share in the stablecoin market.

Based on transfer volume, Circle holds about 53% market share in the stablecoin market.

Circle's products are deployed across more than 10 EVM and non-EVM chains.

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