what's usd coin?
USD Coin (USDC) is a stablecoin cryptocurrency issued by Circle Internet Financial, designed to maintain a 1:1 peg with the United States dollar for stability in digital transactions. It serves as a bridge between traditional finance and blockchain ecosystems, enabling fast, low-cost global payments, trading, and DeFi applications. USDC operates as an ERC-20 token on Ethereum and is natively available on multiple blockchains including Solana, Polygon, Base, Aptos, and others, with significant transfer volume on Solana representing about 50% of all USDC activity. The token is fully backed by reserves of cash and cash equivalents, with monthly attestations by independent auditors like Grant Thornton to ensure transparency and redeemability. Key features include seamless integration with wallets like Backpack for yield farming campaigns on Aptos, support for cross-chain liquidity via Circle Gateway, and a circulating supply exceeding $75 billion as of recent minting events.
USDC sees hotel booking integration, record Polygon volume, 0.34% M2, and 10% DeFi APR.
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Integrated as payment method in NOMADZxyz app for booking over 1 million hotels, with exclusive perks for Solana Mobile Seeker holders including rewards denominated in USDC.
Represents 0.34% of the M2 money supply as of 2026-01-13.
Achieved all-time high daily transfer volume on Polygon with 7.7 million transactions totaling $593 million on 2026-01-13.
Justin Sun withdrew $200M USDC from HTX_Global exchange.
USDC deposits on KelpDAO offer approximately 10% APR through automated rebalancing across Aave, Morpho, and restaking protocols.
Available for staking or supply on Crypto.com DeFi Yield with an incentive program offering an extra 10% per annum in rewards for positions of $100 or more held for at least 30 days, running from January 12 to January 19, 2026.
Achieved $54.6M in weekly IBC (Inter-Blockchain Communication) transfer volume, ranking first among IBC assets.
USDC trading is now available on CoinEx exchange for the Polygon network.
Will be listed in a new USDC/MXN spot trading pair on Binance on January 13, 2026, at 08:00 UTC.
Reached $18.3 trillion in total transactions during 2025.
Buyers using USDC for European real estate purchases are shifting to euro-pegged stablecoins such as EURC to reduce foreign exchange costs, according to Brighty platform data covering over 100 deals in the past year.
Integrated with Aleo's USDCx privacy stablecoin wrapper for enterprise use cases including payroll.
Projected to handle $56.6 trillion in payment flows by 2030, implying 80% annual growth over five years according to Bloomberg Intelligence forecast.
Achieved deepest USDC liquidity at 5 billion.
Deposits are now supported from HyperEVM on Predict platform.
Whale address 0xDAeF deposited 8.09M USDC into Hyperliquid and placed limit orders to buy 59,458 SOL valued at $8M at prices between $133.88–$135 on 2026-01-09.
Binance transferred $1 billion USDC from Hot Wallet 34 to Cold Wallet 14 on January 9, 2026.
Discussed in context of ongoing regulatory debate about stablecoin interest payments, with Senate committee markup scheduled for 2026-01-15 on Market Structure Bill that may affect distributor-level rewards.
Maintains 100% reserve coverage on HTX exchange as of January 1st, 2026.
DIAN Resolution No. 000240 requires crypto exchanges and service providers to report USDC transactions starting from the 2026 tax year, with first filing due in May 2027, including account holder identity, transaction amounts, volumes, and market value, with penalties up to 1% of transaction value and automatic reporting for single transfers over $50,000.
Achieved $3.4M in market size for USDC on Ethereum within Peapods Finance metavaults as of January 8, 2026.
All funds exploited from the IPOR USDC optimizer on Arbitrum have been recovered and withdrawals have been restored.
Integrated into Rumble Wallet, a non-custodial crypto wallet built on Tether's Wallet Development Kit, supporting direct creator tipping alongside USDT, XAUt, and BTC on the Rumble platform.
A whale (address 0xd45) transferred 31.7M USDC to Wintermute and holds 350M USDC in total with 40,060 ETH staked in Aave and Lido as of January 8, 2026.
Integrated as a payment method at Blink EV charging network sites
Achieved over $1 billion in peer-to-peer everyday payments on Polygon.
Accounted for $4.04B in stablecoin volume via WalletConnect during the week ending approximately January 5, 2026.
Listed on Sei Network.
Grew faster than USDT in 2025 for the second consecutive year.
Offers 5%+ APY on deposits through Coinbase lending services.
Enabled as collateral for loans on Loopscale platform for leveraged positions in rStocks (SPYr, NVDAr, TSLAr) by Remora Markets.
Over $1,000,000,000 in USDC is actively borrowed through crypto-backed loans on Coinbase as of January 6, 2026.
USDC supply on Solana reached $15.98 billion, representing 66% of the total stablecoin supply on the network, with 6.9% growth over 7 days.
Issued $500 million USDC on Solana.
Upcoming market migration on Mars Protocol will apply a haircut to USDC lending positions, with a planned ~24 hour notice window before execution on approximately 2026-01-07, potentially triggering liquidations for accounts borrowed above safe thresholds and causing temporary utilization spikes.
Accepted as a deposit asset on Equilibria's sNUSD stablecoin product alongside USDT, USDe, NUSD, and sNUSD, enabling direct deposits into Pendle-integrated yield strategies.
Quarterly transfer volume on Arbitrum increased by approximately 80% year-over-year.
Jupiter Exchange is replacing approximately $500 million worth of USDC inside JLP with JupUSD across its product suite including JupLend, Swap, Mobile, Send, and Perps.
Achieved all-time cumulative volume of over $54 trillion.
Launched with a USDC product minting sprUSD to deploy delta-neutral perpetual strategies for carry, yield, and points through Spreads Finance.
Coinbase will no longer support buying or selling USDC with Argentine pesos from January 31, 2026, while crypto transfers and onchain send/receive functions will remain available.
Recorded among top contracts called by EIP-7702 accounts in December 2025, alongside BSC-USD, Bitget swapper, and VSN.
Minted $750M USDC on Solana on January 3rd, 2026, the first minting event of the year.
Binance transferred $600 million USDC from cold wallet to hot wallet on Solana.
Added as a trading pair (USD1/USDC) in a new v3 liquidity pool on ThalaSwap with incentives migrated from v2 to v3 offering 41.84% APR for liquidity providers.
Paid $15 million in chain fees across Ethereum L1 and L2s in 2025.
Can be minted on Bitcoin from Starknet via Asset Rune.
serves as native gas token on Arc blockchain with predictable, fiat-denominated fees
Integrated with Flipeet to enable payments for school fees, medical bills, and community needs.
Accepted as payment method via WalletConnect Pay at 94° Coffee in Lisbon alongside ETH, SOL, BNB, MON, and POL across multiple networks including Ethereum, Arbitrum, OP, Base, Polygon, BNB Chain, Monad, and Solana.
Integrated with Trip.com Group for experimental acceptance in prepaid travel bookings.
Achieved over $8 billion in total transfer volume on Mayan Finance during 2025.
USDC bridging to BNB Chain via cBridge continues with zero fees through January 31, 2026.
Suffered unauthorized withdrawal of approximately $3.9M in assets including USDC, WETH, and other tokens through compromised smart contract admin control, with the attacker bridging stolen funds to Ethereum and depositing 1,337.1 ETH into Tornado Cash on December 30, 2025.
Integrated with R25Official's USDC Vault, which is available exclusively via Top_nod wallet in collaboration with Ember Protocol and powered by bluefinapp infrastructure on the Sui network.
Enabled stablecoin settlement on Polygon for merchants, supporting USDC, USDT, EURC, and DAI through Shift4.
Klarna is raising funding in USDC to connect to institutional investors and diversify funding sources.
Reached a supply of over $4.2 billion on Base network.
Enabled gas-free transactions on X Layer.
Received 617.5M USDC deposits into Kraken from pumpfun since October 15, 2025.
Available in a BOLD/USDC liquidity pool on Uniswap v4 with improved liquidity depth supporting $2M swaps at 0.19% slippage.
Minted 55 billion USDC on Solana in 2025, with the largest single-day issuance of 1 billion USDC occurring on September 25, 2025.
Minted 180,000,000 USDC within a 2-hour period on December 25, 2025.
Served as the cash leg in the first institutional stablecoin-for-stablecoin repo transaction settled on a public blockchain via Membrane, with Cor Prime providing USDC against Solstice's USX as the asset leg.
Holds 60.5% market dominance among stablecoins as the second-largest stablecoin by market cap after USDT.
Confirmed that a fraudulent press release falsely claimed the launch of a "CircleMetals" platform offering swaps between USDC and purported tokenized gold and silver tokens (GLDC, SILC, CIRM), using Circle branding and fabricated executive quotes.
Completed IPO in 2025.
Minted 500,000,000 USDC at USDC Treasury on 2025-12-23.
Added to Carbon DeFi's liquidity pools as part of COTI network's Earn program alongside wETH, wBTC, COTI, and gCOTI.
Integrated as a payment and yield option in aixbet_ai's public utility on ACP, enabling passive USDC yield through ACP Pools with no token lock required.
Integrated into the x402 open standard protocol as a supported payment asset for machine-to-machine and agentic transactions over HTTP, enabling agents to pay automatically for API calls and services.
Total supply decreased by 1.2 billion USDC over a 7-day period ending around December 20, 2025.
USDC transfer volume on Tron reaches approximately $24.2 billion per day on a 90-day simple moving average (combined with USDT).
Supported as backing asset alongside other USD-stablecoins in Coinbase Dev's custom stablecoin issuance platform for enterprises
Integrated into CygnusFi's embedded wallet experience on Base, serving as the foundation for onchain onboarding and multi-chain transactions across EVM and non-EVM networks.
Partnered with Intuit to integrate USDC across Intuit's platform (TurboTax, QuickBooks) serving 100 million customers for refunds, remittances, savings, and payments.
Reached 4.39 million non-empty wallets on its network.
Available for stock trading on Coinbase with 24/7 trading scheduled to launch.
Integrated with Cross River Bank and Lead Bank as early US participants for settlement over Solana.
$500 million in USDC has been supplied to Morpho's cbBTC loan product.
$500 in USDC voting incentives are being distributed through the Penpiexyz Voting Market for the fxSAVE pool this epoch, offering vlPNP voters +16% APR.
Has over $30 billion deployed across alt L1s and L2s, generating north of $1 billion annually for Circle.
Integrated into Sora Financial Technologies app to enable cross-border payments between Africa and Turkey with zero transfer fees.
JPMorgan Chase launches tokenized money-market fund (MONY) on Ethereum accepting USDC subscriptions from qualified investors with $100M initial investment. Kalshi prediction market platform integrates native USDC deposits and withdrawals on Sei Network for real-time trading. Spot margin trading with USDC becomes available in European Economic Area with up to 10x leverage.
Silo protocol offers USDC isolated market paired with Pendle's PT iUSD (19 Feb) with $3 million liquidity available at 3.8% USDC borrow rate and 90/93 LTV for leveraged positions.
Coinbase integrates stablecoin payments across entire product suite. Lynex lists USDC yield farming pools with APRs up to 436%.
Visa creates Stablecoin Advisory Team to assist banks, merchants and fintechs with stablecoin product design, building on 130+ stablecoin-linked card programs across 40+ countries with billions in annual USDC settlement volume. Navy Federal Credit Union announces evaluation of stablecoin integration with Visa support.
USDC sends and receives on Polkadot network become available through Coinbase iOS and Android apps.
USDC surpasses $50 trillion in all-time transaction volume. HyperEVM crosses $200M in USDC holdings with plans for 1-click withdrawals to any chain with native USDC.
OCC grants conditional approval for Circle to establish First National Digital Currency Bank for USDC reserve management, moving Circle into federally supervised national trust banking framework.
Coinbase launches basic income-style pilot program distributing $12K in USDC to New York residents alienated by traditional banking.
Total onchain supply across all Circle products hits all-time high of $78.9 billion. French banking group BPCE offers USDC trading with bank custody alongside BTC and ETH.
JPMorgan launches MONY tokenized money market fund on Ethereum where investors redeem shares using USDC or cash. Visa launches Stablecoins Advisory Practice to help financial institutions integrate stablecoins, building on $3.5 billion annualized settlement run rate and 130+ stablecoin-linked card programs in 40+ countries using USDC.
Aptos deploys native USDC and reaches $1.9B in stablecoin supply, up 3x from $600M at the start of 2025, with $386M in stablecoin inflows recorded today, making it the 10th largest chain by stablecoin supply.
Mars Protocol temporarily disables USDC withdrawals from Red Bank due to extreme utilization and bad debt, with Safety Fund deployed for resolution. Separately, 4 billion USDC migrates from Arbitrum to HyperEVM over a 10-day period.
Circle obtains OCC bank license from US banking regulator, marking the first stablecoin bank license in history. DTCC receives SEC approval to tokenize Russell 1000 stocks on-chain, creating major demand for USDC as trading medium, and JPMorgan plans to use USDC as collateral.
Risk DAO executes emergency adjustment reducing USDC borrow rates from ~213% to ~15% after Mars Perps Market incident causes extreme utilization and spiking rates in USDC lending markets.