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CryptoMediumUpdated•Originally published 7 March 2026•Updated 7 March 2026•

1 min read

USDC Supply Surges as March Minting Pace Targets $12 Billion Following Record Volumes

Key Facts

1Monthly stablecoin transaction volume reached a record high of $1.8 trillion in February.

3 months ago

Version History

Version 13 months ago

What changed: The story was updated to include data on the rapid minting of USDC in early March, projecting a potential $12 billion monthly issuance.

Monthly stablecoin transaction volume hit a record $1.8 trillion in February, with USDC capturing 70% of on-chain activity. Recent data indicates this momentum is accelerating, as billions of dollars in fresh USDC were minted in the first week of March alone. If the current pace is sustained, Circle's total issuance for the month could exceed $12 billion. This rapid surge in supply highlights a growing preference among institutional investors for regulated and transparent stablecoins for high-value transfers. Furthermore, the increased minting activity reinforces the pivotal role of stablecoins in decentralized finance (DeFi) and global settlements, signaling robust liquidity across the digital asset ecosystem.