Stablecoin Market Breaks Records — USDC Controls 70% Of $1.8 Trillion Volume

Stablecoin transfer volume hit a record $1.8 trillion in February, with USDC capturing 70% market share despite Tether's larger market cap. Circle minted over $3 billion USDC in March's first week, indicating strong institutional demand and potential crypto market inflows.

• →USDC controlled 70% of February's record $1.8 trillion stablecoin transfer volume with $1.26 trillion in transactions.
• →Circle minted over $3 billion USDC in the first week of March, on pace for $12 billion monthly if sustained.
• →Exchange stablecoin inflows jumped from $1.14 billion to $5.14 billion between March 1-5, historically preceding crypto rallies.
• →USDC each dollar moves more frequently than USDT despite Tether's larger $184 billion market cap versus USDC's $77.4 billion.
• →Total stablecoin supply on exchanges reached a three-week high of $66.5 billion, providing liquidity for potential crypto purchases.