Circle Internet Group's USDC stablecoin in circulation ended Q3 2026 flat year-over-year at $73.9 billion

Tokens pegged to stable value, usually the US dollar, spanning issuers and reserves, depegs, and adoption by banks and payment networks.

Supply, adoption, and competitive dynamics of fiat-pegged tokens, tracking issuers like Tether and Circle and the payment and trading flows they power.