As of April 19, 2025, the supply of USDC has surged to nearly $61 billion, marking a $17 billion increase since the beginning of the year. This represents a 38.6% rise year-to-date. The total stablecoin supply has reached $226 billion, with Ethereum hosting $130 billion of it.
USDC's growth is increasingly attributed to its regulatory clarity and appeal to institutional investors, particularly as Circle advances its plans for a potential IPO. Circle's transparent reserve practices have positioned USDC as the preferred stablecoin for regulated entities in the U.S. and EU markets.
The widening growth gap between USDC and other stablecoins signals a stronger market preference, with regulated entities and DeFi protocols showing a clearer preference for USDC due to its regulatory compliance.