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USDC Processed $30 Trillion in Q1 2026, Commanding 80% of Dollar Stablecoin Market

2026-07-01 10:16:49

USDC-0.02%

According to Circle CEO Jeremy Allaire, USDC processed nearly $30 trillion in on-chain transactions during Q1 2026, commanding 80% of the U.S. dollar stablecoin market, based on data from Artemis. Allaire stated that stablecoin competition fundamentally centers on long-term platform and network effects, with core drivers being application adoption, liquidity networks, and global compliance infrastructure.

USPT accounted for the remaining 20% of dollar stablecoin transaction volume, while all other dollar stablecoins combined represented less than 0.5%.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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