Stablecoin market cap hits record
Aggregate stablecoin supply reached a record $318.6 billion, approaching $320 billion, with USDC named among the gainers in recent coverage. The same reporting also noted Circle showing revenue resilience as USDC circulation grows even while public‑market appetites for trading businesses stay selective. (wp.madrestravels.com) (en.coin-turk.com)
Dollar-backed crypto tokens now total about $319 billion, the highest level on record and within roughly $1 billion of $320 billion. (defillama.com) DefiLlama showed total stablecoin supply at $318.747 billion on April 12, 2026, up about $1.585 billion over seven days. Its broader dashboard showed a near-identical $318.629 billion figure, reflecting live market updates. (defillama.com 1) (defillama.com 2) A stablecoin is a crypto token designed to hold a fixed price, usually $1, so traders can move money on blockchains without wiring cash through banks. The biggest issuer remains Tether’s USDT, which DefiLlama listed at 57.85% of total stablecoin market value. (defillama.com) The supply is concentrated on a few networks that act like settlement rails for these tokens. DefiLlama’s chain data showed Ethereum holding 52.05% of stablecoin supply on April 12, 2026. (defillama.com) USDC has been one of the recent gainers in market coverage as institutions look for regulated dollar tokens with published reserve reporting. CoinTürk reported in March that USDC was gaining ground with institutional users even as USDT remained the overall market leader. (en.coin-turk.com) Circle, the company behind USDC, reported fourth-quarter and full-year 2025 results on February 25, 2026, and its investor site says it issues USDC and euro-backed EURC through regulated affiliates. Circle’s investor materials also show the company is now listed on the New York Stock Exchange under the ticker CRCL. (investor.circle.com) (sec.gov) Circle’s recent filings and investor pages show a public company still reporting regularly even as equity investors remain selective about crypto-linked businesses. The company posted its annual report and proxy materials on April 1, 2026, followed by additional securities-sale filings on April 2. (investor.circle.com) (sec.gov) The rise in supply points to more dollars sitting inside crypto markets rather than moving back to bank deposits. If the market adds another roughly $1.3 billion from Sunday’s level, the sector crosses the $320 billion mark that looked distant after the 2022 stablecoin failures. (defillama.com)
