{"id":37508,"date":"2026-03-07T11:30:23","date_gmt":"2026-03-07T11:30:23","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=37508"},"modified":"2026-03-07T11:30:23","modified_gmt":"2026-03-07T11:30:23","slug":"stablecoin-market-breaks-records-usdc-controls-70-of-1-8-trillion-volume","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=37508","title":{"rendered":"Stablecoin Market Breaks Records \u2014 USDC Controls 70% Of $1.8 Trillion Volume"},"content":{"rendered":"<p>Billions of dollars in fresh USDC were printed in just the first week of March \u2014 a minting pace that, if sustained, could push Circle\u2019s total for the month past $12 billion.<\/p>\n<p>That surge is one sign of the momentum behind a broader milestone: total stablecoin <a href=\"https:\/\/app.allium.so\/s\/A7UNezTU\" rel=\"nofollow\">transfer volume<\/a> hit $1.8 trillion in February, the highest monthly figure on record.<\/p>\n<h2>USDC Pulls Far Ahead Of Tether<\/h2>\n<p><a href=\"https:\/\/www.coingecko.com\/en\/coins\/usdc\" target=\"_blank\" rel=\"noopener nofollow\">USDC<\/a>, issued by Circle Internet Group, accounted for roughly 70% of all stablecoin transfers last month \u2014 about $1.26 trillion. Tether\u2019s <a href=\"https:\/\/coinmarketcap.com\/currencies\/tether\/\" target=\"_blank\" rel=\"noopener nofollow\">USDT<\/a> logged $514 billion over the same period.<\/p>\n<p>That gap surprised some analysts, given that Tether holds the larger market cap by a wide margin \u2014 $184 billion compared to USDC\u2019s $77.4 billion.<\/p>\n<p>According to Simon Dedic, founder of Moonrock Capital, USDC has \u201cconsistently flipped\u201d Tether on transfer volume over the past several months.<\/p>\n<p>The disparity means each dollar of USDC is moving far more often than each dollar of USDT.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"wp-image-886202 size-full\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/03\/a_71084d.png?resize=1024%2C573\" alt=\"\" width=\"1024\" height=\"573\" \/><\/p>\n<p>Data from blockchain analytics firm Allium confirmed the February figures.<\/p>\n<p>Circle\u2019s business has been growing fast. The company posted strong earnings for the fourth quarter of 2025, driven by rapid expansion of USDC\u2019s payment operations.<\/p>\n<p>Partnerships with platforms such as <a href=\"https:\/\/polymarket.com\/\" target=\"_blank\" rel=\"noopener nofollow\">Polymarket<\/a> have added to that momentum. Tether\u2019s supply, by comparison, has held relatively flat through the start of March while USDC continues to be printed at speed.<\/p>\n<h2>What Rising Stablecoin Supply Means For Markets<\/h2>\n<p>More stablecoins on exchanges generally means more money ready to buy crypto. On March 5 alone, roughly $5.14 billion in <a href=\"https:\/\/www.investopedia.com\/terms\/s\/stablecoin.asp\" target=\"_blank\" rel=\"noopener nofollow\">stablecoins<\/a> flowed into exchanges \u2014 up from $1.14 billion just four days earlier on March 1.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.tradingview.com\/x\/uYMLiqAL\/\" alt=\"\" width=\"2048\" height=\"1027\" \/><\/p>\n<p>The total stablecoin supply sitting on exchanges climbed to a three-week high of $66.5 billion by Friday. Historically, big jumps in exchange stablecoin supply have preceded crypto price rallies, as sidelined capital gets redeployed into the market.<\/p>\n<p>Bitcoin briefly pushed toward $74,000 this week, partly lifted by that stablecoin inflow. The Stablecoin Supply Ratio \u2014 which measures Bitcoin\u2019s market cap against total stablecoin market cap \u2014 has been recovering after a sharp drop in February.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">CIRCLE JUST MINTED $250M <a href=\"https:\/\/twitter.com\/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$USDC<\/a><\/p>\n<p>Circle just minted another $250M USDC on Solana. They\u2019ve minted over $3 BILLION in just this first week of March.<\/p>\n<p>If Circle continue at this pace, they\u2019re on track to mint over $12 Billion USDC by the end of the month. <a href=\"https:\/\/t.co\/aoQKi6zbFE\" rel=\"nofollow\">pic.twitter.com\/aoQKi6zbFE<\/a><\/p>\n<p>\u2014 Arkham (@arkham) <a href=\"https:\/\/twitter.com\/arkham\/status\/2030154691456422244?ref_src=twsrc%5Etfw\" rel=\"nofollow\">March 7, 2026<\/a><\/p>\n<\/blockquote>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"aligncenter size-full wp-image-886203\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/03\/a_70efe6.png?resize=1023%2C867\" alt=\"\" width=\"1023\" height=\"867\" \/><\/p>\n<p>A Closer Look At The Numbers<\/p>\n<p>The February record was not just about USDC. Overall stablecoin adoption has been climbing. Florida\u2019s state senate passed a stablecoin bill this week, which now awaits the governor\u2019s signature.<\/p>\n<p>Regulatory movement at the state level, combined with growing institutional use of dollar-backed tokens for payments and settlement, has kept demand rising.<\/p>\n<p>USDC\u2019s $1.26 trillion in February transfers marks the highest monthly total since the stablecoin launched in September 2018.<\/p>\n<p>Reports indicate Circle has already minted more than $3 billion in USDC in March\u2019s first week, with <a href=\"https:\/\/x.com\/arkham\/status\/2030154691456422244\/photo\/1\" target=\"_blank\" rel=\"noopener nofollow\">Arkham data<\/a> showing one single mint of $250 million on Solana.<\/p>\n<p><em>Featured image from Bitkub Academy, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>Billions of dollars in fresh USDC were printed in just the first week of March \u2014 a minting pace that, if sustained, could push Circle\u2019s total for the month past $12 billion. That surge is one sign of the momentum behind a broader milestone: total stablecoin transfer volume hit $1.8 trillion in February, the highest [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":37509,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[52],"tags":[],"class_list":{"0":"post-37508","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stable-coin"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Stablecoin Market Breaks Records \u2014 USDC Controls 70% Of $1.8 Trillion Volume - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=37508\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stablecoin Market Breaks Records \u2014 USDC Controls 70% Of $1.8 Trillion Volume - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Billions of dollars in fresh USDC were printed in just the first week of March \u2014 a minting pace that, if sustained, could push Circle\u2019s total for the month past $12 billion. That surge is one sign of the momentum behind a broader milestone: total stablecoin transfer volume hit $1.8 trillion in February, the highest [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptomag.finance\/?p=37508\" \/>\n<meta property=\"og:site_name\" content=\"Cryptomag\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-07T11:30:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptomag.finance\/wp-content\/uploads\/2025\/06\/generic-crypto-image.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"560\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Crypto Magazine\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:site\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Crypto Magazine\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=37508#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=37508\"},\"author\":{\"name\":\"Crypto Magazine\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\"},\"headline\":\"Stablecoin Market Breaks Records \u2014 USDC Controls 70% Of $1.8 Trillion Volume\",\"datePublished\":\"2026-03-07T11:30:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=37508\"},\"wordCount\":503,\"image\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=37508#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/a_dc7d80-KspCHl.png\",\"articleSection\":[\"Stable Coin\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=37508\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/?p=37508\",\"name\":\"Stablecoin Market Breaks Records \u2014 USDC Controls 70% Of $1.8 Trillion Volume - 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