Circle recorded a $2 billion increase in circulating USDC supply after issuing $8.2 billion and redeeming $6.2 billion USDC, according to data as of 12/4/2025. This move reflects rising demand for USDC, the largest regulated stablecoin on the market, while also improving liquidity across multiple blockchain networks.
The total USDC supply now stands at $78 billion, fully backed by $78.1 billion in liquid assets, including approximately $46 billion in overnight repos and $21.6 billion in short-term Treasury bonds. The increase in net supply indicates a shift in stablecoin demand, especially as financial institutions ramp up their use of digital assets.
Analysts believe USDC continues to play a central role in the stablecoin liquidity ecosystem, supporting the expansion of applications in fintech and blockchain platforms.
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Circle increases USDC supply by 2 billion amid surging demand
Circle recorded a $2 billion increase in circulating USDC supply after issuing $8.2 billion and redeeming $6.2 billion USDC, according to data as of 12/4/2025. This move reflects rising demand for USDC, the largest regulated stablecoin on the market, while also improving liquidity across multiple blockchain networks.
The total USDC supply now stands at $78 billion, fully backed by $78.1 billion in liquid assets, including approximately $46 billion in overnight repos and $21.6 billion in short-term Treasury bonds. The increase in net supply indicates a shift in stablecoin demand, especially as financial institutions ramp up their use of digital assets.
Analysts believe USDC continues to play a central role in the stablecoin liquidity ecosystem, supporting the expansion of applications in fintech and blockchain platforms.