USDC Accounting for 63% of Q1 Stablecoin Trading Volume, USYC Becomes World's Largest Tokenized Money Market Fund

BlockBeats News, May 11th, Circle released its Q1 2026 financial report, showing that the circulating supply of USDC has reached $77 billion, a 28% year-over-year increase; on-chain transaction volume in Q1 reached $21.5 trillion, a 263% year-over-year increase. According to Visa Onchain Analytics data, USDC accounted for 63% of stablecoin transaction volume in the first quarter of this year.

At the same time, Circle stated that as of May 7th, its USYC has become the world's largest tokenized currency market fund. The financial report also indicates that the company's Q1 total revenue and reserve earnings were $694 million, a 20% year-over-year increase; adjusted EBITDA was $151 million, a 24% year-over-year increase.