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USDC leads stablecoin growth, adding $584M in a week as market nears $310B total supply

Market News
06 Sep 2026
Crypto Briefing
View Source
Bullish
USDC leads stablecoin growth, adding $584M in a week as market nears $310B total supply

The stablecoin market is expanding, with USDC driving much of the growth by adding $584 million to its market cap in one week. USDC now holds about 24% of the total stablecoin market, which is approaching $310 billion in supply. Despite Tether's USDT dominating with 60% market share, USDC outperforms in on-chain transaction volume, capturing 60-70% during several periods in 2026. This steady growth reflects consistent demand rather than one-time spikes, alongside contributions from Ethena's USDe and PayPal's PYUSD stablecoins.

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