USDC Circulation Rises by 1.9 Billion in Recent Week
The circulation of USDC, a widely used stablecoin, has increased by 1.9 billion over the past week, according to official data reported by PANews. For the week ending September 18, 2025, approximately 7.6 billion USDC were issued, while 45.7 billion were redeemed, resulting in a net growth that brings the total circulating supply to 74.3 billion USDC. This growth reflects sustained demand for the dollar-pegged cryptocurrency amid fluctuating market conditions.
The reserves backing USDC remain robust, totaling approximately 74.4 billion USD, ensuring its 1:1 peg with the U.S. dollar. These reserves comprise 10.1 billion USD in cash and 64.3 billion USD held in the Circle Reserve Fund, a diversified portfolio designed to maintain liquidity and stability. The slight excess in reserves over circulation underscores the issuer’s commitment to transparency and financial integrity, with monthly attestations confirming the backing.
The net increase of 1.9 billion USDC highlights its growing utility in decentralized finance, cross-border payments, and institutional transactions. Analysts attribute the issuance surge to heightened activity in global markets, while redemptions may reflect profit-taking or portfolio adjustments. As USDC continues to play a pivotal role in the cryptocurrency ecosystem, its expanded circulation is expected to support increased liquidity and adoption across various blockchain networks.