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 minted 750M in 3 hours, $8B in 30 days, and integrated Starknet with $2.1B bridged.
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Minted 750M USDC on Solana in a 3-hour period ending April 14, 2026.
Integrated with Circle CCTP V2 on Starknet, driving $2.1B in bridged volume in Q1 2026.
Provides $91,000 in USDC incentives for four liquidity pools on Ekubo Protocol (Ethereum) starting on April 15, 2026, distributed over 3 months at rates of 550 USDC/day for ETH/USDC pool and 150 USDC/day each for ETH/WBTC, WBTC/USDT, and ETH/USDT pools.
Minted $500M on Solana on April 14, 2026; issued $8B in rolling 30-day period ending April 14, 2026.
May become exempt from taxation on transfers if the updated Digital Asset PARITY Act passes and USD Coin maintains a peg between $0.99 and $1.01 under GENIUS standards.
Pushing for a safe harbor provision in the CLARITY Act that would provide legal cover to freeze assets in crisis situations without litigation risk.
Available as quote asset in a new deSPXA/USDC lending market on Morpho on Base with 77% loan-to-value ratio, curated by Steakhouse.
Reached $2.96M TVL in a yield vault on Base via Sprinter with current APY of 11.35%.
Reached $2.7M TVL in an onchain capital allocator vault on Ethereum via Bracket with current APY of 11.72%.
integrated natively with CCTP (Cross-Chain Transfer Protocol) on Pharos Network, a high-speed EVM L1 focused on RealFi and RWA with mainnet expected Q2 2026
Y Combinator provided $500K USDC funding to startup Totalis on Solana and replaced wire transfers with USDC for payments.
Broke $1 billion in volume, reaching over $1.46 billion in total volume since launch.
Reached $100 million in total deposits in Jupiter Lend Earn vaults, with users currently earning 4.39% APY.
Total supply reached 79.7 million with 6,310 holders.
Reached all-time high monthly transfer volume of $17.9B on Polygon in March 2026, representing approximately 150% year-over-year growth.
Binance is running a Dual Investment Monthly Challenge offering up to 8,888 USDC in rewards to participants.
Accepted as payment for a hackathon competition hosted by Mantle, Bybit, and Byreal, where participants fund AI trading agent wallets with a minimum of $100 in MNT, USDC, USDT, or USDe running from 2026-04-15 to 2026-04-30.
Will no longer be bridgeable onto Sei Network via IBC transfers once governance activates the protocol-level disable feature introduced in Sei v6.4 upgrade
Reached the lowest level of unique address activity on Ethereum in 2026.
Approximately $1.9 million in USDC was drained from Dango protocol on 2026-04-13 through an exploit of the insurance fund donation function that failed to validate positive amounts.
Used as backing reserve for USDCx stablecoin on Stacks in a hackathon challenge with DoraHacks where 64 teams participated and FlowVault won $3,000 for building programmable liquidity with USDCx.
Market cap on HyperEVM increased approximately 140% over the past month.
HyperEVM received approximately $1 billion in inflows since the start of 2026.
Week 2 incentives for the USDC-USDT pair are scheduled to be distributed on 2026-04-13, with one additional week of rewards remaining in the program.
Integrated into Gas Station feature allowing users to pay gas fees in USDC across EVM chains.
Reached $780 billion in market cap as of April 2026.
Achieved $2.2 trillion in onchain transaction volume year-to-date in 2026, surpassing USDT's $1.3 trillion and setting a historical high.
CCTP will expand beyond USDC to support additional Circle-issued assets including EURC, USYC, and cirBTC using the burn-and-mint model, expected later in 2026.
Polymarket launched pUSD, an ERC-20 token on Polygon backed 1:1 by USDC for protocol collateral, replacing existing deposit system.
Integrated with Visa Direct to enable U.S. debit cardholders to fund USDC directly from their cards without requiring an exchange account, with OwlTing incorporating this on-ramp into its OwlPay suite.
Integrated into Seren's on-chain agentic affiliate network as the base currency.
Reaches $11M+ in supply within Kamino Finance's Elemental USDC Optimizer vault, delivering 6.73% supply APY (90-day average) and generating $197K+ in interest over 180 days.
Complied with MiCA regulatory requirements in Europe, enabling continued availability on European exchanges while non-compliant stablecoins were delisted.
Available for bridging via Hyperlane to Igra Network from 7 chains, alongside iKAS, cbBTC, and wstETH.
Integrated with Stripe's Machine Payments Protocol on Tempo network to accept USDC payments alongside card and fiat methods via Shared Payment Tokens for micropayment donations.
USDC on Hyperliquid is the fastest growing tokenized asset with a market cap above $1 billion.
Minted 250M USDC at USDC Treasury on Solana on April 10, 2026.
Circle refused to freeze $232M in stolen USDC from the April 1, 2026 Drift Protocol exploit, citing legal orders and ethical concerns, as $280M USDC moved through its bridge in six hours.
Featured as a paired asset (USDC/USDT) in an AI-managed liquidity position on Aerodrome through MOZAI's new LP Agent, with the position currently generating 78% APY.
Integrated into Exa AI Labs' x402 payment protocol via Coinbase's open HTTP payment protocol, enabling AI agents to pay for web search. Processed over 140 million agent-to-agent transactions with $43 million in volume in nine months, with 98.6% of payments in USDC.
Minted $2.25 billion USDC on Solana during the week ending April 12, 2026.
A USDC/KTB (Korean Treasury Bond) liquidity pool is live on Balancer on Monad.
Integrated with M0's On-chain Orchestration product via Aori to facilitate clearing between M0-powered stablecoins and USDC.
Participated in a panel discussion at the French Ministry of Finance on April 8, 2026, addressing institutionalization in crypto-asset and stablecoin markets, with Circle representation presenting alongside government officials including Minister David Amiel and Treasury Director Bertrand Dumont.
Holds the number one position among stablecoins held by users in France according to the 2026 ADAN crypto-asset adoption study.
USDC is available as a lending and borrowing asset in Silo v3 on XDC Network, paired with XDC.
ClearBank Europe secured MiCA approval in Europe, partnered with Circle for USDC and EURC fiat-to-stablecoin conversions for institutional clients via Mint platform.
Resumed operations on Arbitrum following a migration.
Whale transactions surged by 1,097% according to Santiment data.
Achieves 5.40% yield (30-day average) on Kamino's onrefinance Market.
Accepted as payment option for Iran's $1 per barrel transit toll on oil tankers passing through the Strait of Hormuz during a two-week ceasefire, alongside USDT and potentially Bitcoin.
Minted $200M USDC on Ethereum (sent to Coinbase) on April 8, 2026, and $500M on Solana on April 10, 2026.
WLFI Team borrowed $150M USDC against $400M WLFI collateral on Dolomite, driving utilization to 92.3%.
Serves as the quote asset in the WTIOIL-USDC trading pair on Hyperliquid, which reached $2.4 billion in 24-hour trading volume on April 8, 2026, becoming the second-most-traded market on the platform after BTC.
Launched Circle platform in Singapore for global cross-border USDC settlement across 20+ chains, with crosschain forwarding live on Solana for CCTP and Bridge Kit; integrated with Thunes to enable settlement across 12 billion wallets in 140+ countries via Circle Payments Network.
Receives new incentive program from World Liberty Financial on Dolomite platform, offering 14.02% APY total yield with 6.52% paid in WLFI tokens and 0.59% in oDOLO tokens for USDC deposits.
Became supported on Monad, zkSync, and Unichain networks through Coinbase Base Account, enabling users to access and send the token on these three chains.
Integrated direct settlement with Visa and Mastercard, enabling Solana USDC spending on MetaMask Card at Mastercard-accepting merchants in the US.
Used as a counterparty stablecoin in Convergence's Peg Keepers system alongside frxUSD, with the USG/frxUSD pool live on Curve.
Circle minted $1 billion USDC on Solana in the 24-hour period ending April 7, 2026.
Enabled for deposits and withdrawals on Kalshi prediction market platform alongside native SEI since December 2025.
Launched deSPXA/USDC liquidity pool on Base via Aerodrome Finance.
Runs on a MultiVM standard on Injective, enabling the same liquidity to be accessible across multiple execution environments.
Blacklisted a theft address one month after the Cetus Protocol exploit, after the stolen USDC had already been converted to ETH.
Circle expands partnerships with South Korean banks and exchanges amid USD Coin trading in the region.
DAI has officially begun its migration to USDC.
Surpassed $800 million in value on Polymarket.
Yields are being passed to consumers via USDC on Coinbase.
Replaced bridged USDC.e with native pmUSD, backed 1:1 by USDC, on CTF Exchange V2, with rollout scheduled in 2-3 weeks from April 7, 2026. Removed USDC as a payment/settlement option and added pmUSD/USDC liquidity pool on Balancer Mainnet.
Issued $9.07 billion USDC in the 30-day rolling period ending April 10, 2026.
A mainnet upgrade vote on enforcing ERC20 metadata validation to support native USDC issuance concludes on 2026-04-06.
A whale sold 11,045 ETH for approximately $23.06 million USDC at an average price of $2,087 per ETH, realizing a $1.27 million loss after purchasing the ETH two weeks prior at $2,202 per ETH using 24.07 million USDC.
Integrated with Ledger Wallet to enable instant conversion from fiat (USD/EUR) to USDC, powered by Noah_HQ.
Added as a shared liquidity pool (SUI-USDC) across Sui Network and Solana on Skate Chain.
Total stablecoin market capitalization reached $265.627 billion, with USDC as part of the broader stablecoin ecosystem that grew 1.63% over 7 days.
Used as the quote asset in a P2P token buyback proposal on MetaDAO Project Futarchy for up to $500,000 worth of P2P tokens at 8% below ICO price.
Circle minted $250M USDC on Solana on April 6, 2026, bringing total Solana issuance to $10.5B over the past month (March 10-April 10, 2026).
Achieved $7.30B in weekly stablecoin volume on the WalletConnect Network, with USDC on Ethereum representing the highest share of that volume.
Backs tokens almost entirely with cash deposits, Treasury bills, and overnight reverse repos, including $19B in overnight repos and $6B in term repos.
Used as settlement currency in first fully autonomous robot-to-robot commerce transaction on Base via Virtuals' ACP and x402, involving Unitree, RiceAI, and Flyby Robotics for physical delivery.
Binance allocates 100,000 USDC in token vouchers as rewards for completing April 2026's challenge program.
Distributed as prizes in a Binance Easter design contest with a total prize pool of 3,000 USDC shared among the top 10 designs.
Records largest single-hour exchange inflow since Bitcoin's last ATH, with 778,566,191.65 USDC flowing into exchanges.
Integrated as a payment option (alongside DIEM) for Venice inference API access on Base, enabling AI agents to pay for requests autonomously.
Issued $500 million USDC on Solana on April 2, 2026.
Circle minted $3.25B USDC on Solana in 7 days ending April 6, 2026, the largest weekly mint of 2026, with an additional $550M on April 7, bringing rolling month issuance to $9.01B, an all-time high on Solana.
Circle plans to launch cirBTC, a fully reserved wrapped Bitcoin backed 1:1 and integrated with the USDC ecosystem.
Lenders earn 9.38% APY on USDC through the 3jane protocol, with a total lending pool of $16.1M at 48% utilization ($7.8M borrowed).
Deribit adjusted its USDC Reward Annual Percentage Rate upward to 3.40% effective on 2026-04-01, with rewards calculated daily and paid monthly to eligible users without lockups or staking requirements.
USDC supply on Hyperliquid reaches $6 billion, with native supply surpassing $1 billion.
Circle failed to freeze $232M stolen USDC for 6 hours following the Drift hack, allowing attackers to bridge funds. This contributes to over $420M in compliance lapses since 2022, including $285M from the DPRK-linked exploit (April 1, 2026).
Completed asset migration from Fluence Rollup to Ethereum L1, with USDC balances automatically migrated and available for claim until April 1, 2027.
Holds 23% market share with $66 billion in circulating supply as of April 2026.
Integrated into Sky Vaults alongside USDT, and Surf's AI-powered stablecoin vaults on Polygon, leveraging Morpho for non-custodial yield with cross-chain routing.
Integrated with Ledger Wallet to enable access to MidasRWA institutional investment strategies (mTBILL and mHYPER) using USDC.
Enabled USDC withdrawals to external addresses on the Solana network through Wallet's Telegram app interface.
Supports zero-gas transfers on Polygon through TokenPocket wallet integration, allowing users to move USDC without paying POL fees.
Minted 3 billion USDC on Solana between March 30 and April 2, 2026, at a rate of 750 million USDC per day.
Featured as the borrowable asset in Binance's interest-free Flexible Loan Vouchers promotion, where users can borrow up to 1,000 USDC free of interest by subscribing to ETH Simple Earn Flexible products.
Achieves 6x monthly turnover velocity, doubling over two years, driven by Solana and Base activity.