USDC price holds near peg as Q3 activity accelerates
Published on 11/11/2026 at 18:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSUSDC activity grows while peg holds
- Investing.com showed USDC at 1.0008 USD at 15:29:17 Berlin time, with a market capitalization of 69.85 billion USD.
- Against CoinGecko's November 10 UTC close of 0.999527 USD, the displayed price was 0.13% higher.
- Circle reported that average USDC circulation rose 8% year over year to 73.3 billion USD in the third quarter of 2026, while onchain transaction volume increased 49% to 13.9 trillion USD.
- Circle's reserve income declined 8% to 658 million USD as the reserve return rate fell by 61 basis points.
The USDC price remained close to its dollar peg on November 11, 2026, while Circle's latest quarterly figures pointed to stronger network activity. The live USDC page at Investing.com showed 1.0008 USD at 15:29:17 Berlin time. It also listed a 24-hour trading volume of 11.60 billion USD, a market capitalization of 69.85 billion USD, a circulating supply of 69.86 billion USDC and a rank of five.
Price stays close to dollar
For the required daily comparison, CoinGecko recorded a November 10 UTC close of 0.999527 USD. Compared with that reference, the Investing.com reading was 0.13% higher. The movement is small and consistent with USDC's role as a stablecoin rather than a conventional speculative growth asset. Circle says USDC is redeemable one-to-one for US dollars and backed by highly liquid cash and cash-equivalent assets.
Usage expands in Q3
In its third-quarter 2026 results, published November 4, Circle reported average USDC circulation of 73.3 billion USD, up 8% year over year. USDC onchain transaction volume reached 13.9 trillion USD, an increase of 49%. Circle also said its Circle Payments Network reached 41.3 billion USD in annualized transaction volume during the quarter. These figures indicate broader payment and settlement use, but transaction volume does not directly equal revenue or token-holder returns.
Reserve economics remain important
Circle reported reserve income of 658 million USD, down 8% year over year, as the reserve return rate fell by 61 basis points. Average circulation growth partly offset the lower yield. Total revenue and reserve income nevertheless rose 17% to 865 million USD, while net income from continuing operations increased 5% to 226 million USD.
The quarterly comparison also includes a material one-time effect: other revenue reached 207 million USD, including 182 million USD from an ARC token presale. That item boosted Circle's reported results but is not a recurring USDC operating metric. For USDC observers, the more direct indicators are circulation, transaction activity, liquidity and the ability to maintain the dollar peg.
Further USDC coverage is available on the USDC topic page.
