$USDC supply has jumped 38.6% in 2025, rising from $44B to nearly $61B, an increase of $17B YTD. In contrast, $USDT grew by $7B.
The total stablecoin supply is now $226B, with Ethereum hosting the most at $130B.
USDC's strong growth is likely due to clearer rules and growing interest from big institutions, especially as Circle moves toward a possible IPO.
