Circle Says USDC Onchain Volume Climbed 49% in Q3 2026
Circle reported stronger USDC transaction activity despite pressure on income generated from its reserves.
Circle reported stronger USDC transaction activity despite pressure on income generated from its reserves. USDC (USDC) is trading at $0.9994. This is an original TLT brief based on reporting by NewsBTC, with live market data added, as of Mon, 09 Nov 2026 06:30:04 UTC.
The increase shows continued use of USDC on public blockchains, while weaker reserve income highlights the difference between transaction growth and the financial returns supporting the stablecoin.
- Circle reported $13.9 trillion in Q3 2026 USDC onchain transaction volume
- Transaction volume increased 49% from a year earlier
- Reserve income faced pressure despite higher transaction activity
- USDC traded near $1 as the broader crypto market declined
- Circle’s Q3 revenue reaches $865M as USDC activity expands
- Circle’s ARC sale boosts earnings as USDC yield pressure grows
- Circle expanded USDC supply by $1B in minutes without breaking its dollar peg
- USDC Captured 79% of Stablecoin On-Chain Volume in Q3
- USDC Accounts for 53% of Stablecoin Volume on Fireblocks
- Circle Reports Freezing $1.1B in USDC During Binance Probe
- Circle Says USDC Onchain Volume Climbed 49% in Q3 2026 — this brief
Circle reported that 
USDC generated $13.9 trillion in onchain transaction volume during the third quarter of 2026, representing a 49% increase from the year-earlier period. The figure, provided by NewsBTC, covers transaction activity rather than the amount of USDC circulating at any one time.
The growth in transaction volume came alongside pressure on income earned from reserves backing USDC. The supplied report does not quantify reserve income or explain the source of that pressure, so the available information does not establish how Circle’s revenue or earnings changed during the quarter.
DeFiLlama’s live onchain data puts the circulating USDC supply at $70.52 billion. The separate live market quote lists USDC at $0.999409 with a $70.29 billion market capitalization, reflecting a narrowly different measure of the stablecoin’s outstanding supply. USDC was down 0.02% over both 24 hours and seven days.
The wider crypto market was broadly lower, with total capitalization at $2.55 trillion and 
Bitcoin down 1.71% over 24 hours. The Fear & Greed index stood at 29, placing sentiment in the “Fear” category. USDC’s near-parity price remained stable through that broader weakness, while Circle’s reported volume growth points to sustained onchain demand even as reserve-income conditions became less favorable.
Since this brief published about 3 hours ago, USDC (USDC) has moved from $0.9994 to $0.9994 — +0.00%.
The chart plots USDC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 USDC ≈ ₦1,377.72 (about $0.9994), down 0.0% over 24 hours. The naira itself trades about 2.4% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 9, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Circle Says USDC Onchain Volume Climbed 49% in Q3 2026 — questions & answers
How much USDC transaction volume did Circle report?
Circle reported $13.9 trillion in USDC onchain transaction volume for the third quarter of 2026, up 49% year over year.
How much USDC is currently circulating?
DeFiLlama reports a circulating supply of $70.52 billion, while the live market quote shows a $70.29 billion market capitalization.
What happened to USDC price and market sentiment?
USDC traded at $0.999409 and was down 0.02% over 24 hours. The Fear & Greed index was 29, indicating fear.
How much is 1 USDC worth in naira today?
About ₦1,377.72 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $0.9994. The naira price moves with both USDC's US-dollar price and the USDT/NGN rate; use our USDC in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from NewsBTC. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.