USDC tops $100 trillion in cumulative onchain transaction volume
- —USDC's cumulative onchain volume has exceeded $100 trillion
- —USDC volume in the second quarter of 2026 was $14.8 trillion, up 151% year over year
- —USDC turnover stands at 741x, compared with 74x for USDT
- —67% of 2026 volume flowed through Base and Ethereum
Why it matters: USDC has cemented its role as DeFi's main unit of account, but 95% of Circle's revenue depends on interest rates on reserves.
Source: Crypto Briefing