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USDC stablecoin traded $40.2B on decentralized exchanges during Q3 weekends when banks were closed.

Market News
12 Oct 2026
Crypto Briefing
View Source
Bullish
USDC stablecoin traded $40.2B on decentralized exchanges during Q3 weekends when banks were closed.

USDC, a dollar-pegged stablecoin by Circle, saw $40.2 billion traded on decentralized exchanges (DEXs) during Q3 weekends, when traditional banks are closed. This volume rivals Visa's daily transaction scale, highlighting how on-chain dollar transfers operate continuously, unlike conventional bank transfers. Most USDC activity (69%) involved liquidity provision, supporting market function, while 23% came from flashloans. With USDC's supply at $74.6 billion and holding a strong market share, its weekend trading volume and turnover compared to USDT will be key trends to watch.

Tether USDT holds a market cap of Rp3.298,96 trillion and a 24-hour trading volume of Rp1.072,1 trillion on Pluang as of Oct 13, 2026 01:51 WIB. The platform shows a balanced order activity with 47% sell and 53% buy, and typical hold time is 90 days. This steady trading environment contrasts with USDC's notable $40.2 billion weekend volume on decentralized exchanges, highlighting different dynamics in stablecoin liquidity and usage.

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