USDC, Circle's stablecoin, has exceeded $100 trillion in cumulative on-chain transaction volume, surpassing the US GDP of $28 trillion for context. This milestone reflects rapid growth driven by DeFi activity on Base and Ethereum, with USDC accounting for 77% of stablecoin market volume in 2026. Its high transaction velocity, 741 times per dollar annually, contrasts with USDT's 74 times, highlighting USDC's role in automated DeFi operations like flash loans and liquidity rebalancing. Despite massive volume, Circle earns most revenue from interest on reserves, making its income sensitive to interest rate changes rather than transaction volume.
USDC has surpassed $100 trillion in all-time on-chain transaction volume, a milestone noted alongside its rapid growth in DeFi activity. For readers following the broader cryptocurrency market, here is Pluang's market snapshot as of Sep 15, 2026 06:12 WIB: out of 50 major cryptocurrencies, 34 rose and 15 fell today. Notable movers include COTI at Rp295 (+4.71%), AVAX at Rp134.536 (+4.56%), and XTZ at Rp4.776 (-4.17%).
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