- Main event: USDC supply increase, Circle leadership involvement.
- Market signals strong demand for stablecoins.
- Potential ripple effects on DeFi protocols and liquidity pools.
USDCโs circulating supply grew by approximately 800 million in the past week, reaching 64.6 billion. This growth results from Circle issuing 4.9 billion USDC and redeeming 4.2 billion, reflecting rising demand for the stablecoin.
In the last week, USDCโs circulating supply grew by approximately 800 million, reaching a total of 64.6 billion USDC, according to Circleโs latest data. The increase occurred as Circle reported minting 4.9 billion USDC and redeeming 4.2 billion USDC.
The rise in USDCโs circulation signals growing demand for stablecoins, reflecting broader trends in the cryptocurrency market. Circleโs maintained reserves ensure stability, easing investor concerns about backing. The event remains under review by stakeholders within the industry.
USDCโs circulating supply recently increased by 800 million to a total of 64.6 billion, driven by rising demand for stablecoins. According to Circleโs disclosure, 4.9 billion USDC were issued while 4.2 billion were redeemed. This increase corresponds to heightened commercial or institutional interest in the stablecoinโs utilization.
โCircle issued approximately 4.9 billion USDC and redeemed approximately 4.2 billion USDC in the seven days ending August 7th, increasing the circulating supply by approximately 800 million USDC. The total circulating supply of USDC is 64.6 billion, with reserves of approximately $64.7 billion, including approximately $9 billion in cash and approximately $55.8 billion held in the Circle Reserve Fund.โ โ Jeremy Allaire, Co-founder & CEO, Circle
Circle, the issuer of USDC, reported these figures without additional funding initiatives linked to the mint. Ethereum continues to host approximately 64% of the USDC supply, underscoring its role within cryptocurrency infrastructure. Activities connected to DeFi platforms may experience shifts due to this supply change.
The surge is likely to impact related financial sectors, such as decentralized finance (DeFi) protocols. USDC is commonly used in DeFi for trading and liquidity provision. Changes in USDC liquidity can affect protocols like AAVE and Compound, altering their ecosystem dynamics and user strategies.
Financial and regulatory implications of this increase merit attention, potentially affecting crypto market behavior. Observers note previous peaks in March 2025, connected to similar institutional activities. USDCโs stability and reserve transparency continue to foster trust among users and investors.
Community sentiment generally welcomes the increase, with optimism about improved DeFi utility and trading opportunities. However, some caution that without corresponding on-chain demand verification, sustained minting might pose challenges. Past trends show fluctuating USDC supplies can influence governance tokens and yield strategies across cryptocurrencies.
About the author
Circle Expands USDC Supply by 1.9 Billion in a Week
Circle has announced a significant increase in its USDC supply, adding 1.9 billion units over the past week, totaling 74.3 billion in circulation.
BlackRockโs Bitcoin ETF Leads with $223 Million Inflow
BlackRock's iShares Bitcoin Trust recorded a notable $223 million net inflow on September 19, 2025, standing out as the only ETF with positive movements amongst major Bitcoin ETFs.
ByteDance Reaffirms Compliance with Chinese Laws for TikTok US
ByteDance plans to adhere to Chinese regulations to maintain TikTok's US operations amid ongoing negotiations.
DYDX Rises, IMX Falls Amid Market Calm
DYDX gained 0.88%, whereas IMX dropped 5.56% today. No official statements explain these price movements.
Hong Kong Man Loses HK$26.2M in Crypto Scam
A 75-year-old man in Hong Kong loses HK$26.2 million in an Ethereum investment scam, highlighting concerns over digital currency investment fraud.
Grayscale Pursues Dogecoin ETF Conversion with Revised SEC Filing
Grayscale files revised S-1 to convert Dogecoin Trust into an ETF, targeting NYSE Arca listing.
Related
Circle Expands USDC Supply by 1.9 Billion in a Week
Circle has announced a significant increase in its USDC supply, adding 1.9 billion units over the past week, totaling 74.3 billion in circulation.
BlackRockโs Bitcoin ETF Leads with $223 Million Inflow
BlackRock's iShares Bitcoin Trust recorded a notable $223 million net inflow on September 19, 2025, standing out as the only ETF with positive movements amongst major Bitcoin ETFs.
ByteDance Reaffirms Compliance with Chinese Laws for TikTok US
ByteDance plans to adhere to Chinese regulations to maintain TikTok's US operations amid ongoing negotiations.
DYDX Rises, IMX Falls Amid Market Calm
DYDX gained 0.88%, whereas IMX dropped 5.56% today. No official statements explain these price movements.
Hong Kong Man Loses HK$26.2M in Crypto Scam
A 75-year-old man in Hong Kong loses HK$26.2 million in an Ethereum investment scam, highlighting concerns over digital currency investment fraud.
Grayscale Pursues Dogecoin ETF Conversion with Revised SEC Filing
Grayscale files revised S-1 to convert Dogecoin Trust into an ETF, targeting NYSE Arca listing.
