USDC Accounts for 70% of Record $1.8 Trillion Stablecoin Transfers in February

USDC accounted for roughly 70% of February's record $1.8 trillion in onchain stablecoin transfers, handling about $1.26 trillion while USDt processed around $514 billion, Allium data show. Despite USDt's larger market cap, USDC's transfer activity has consistently surpassed USDt in recent months, according to Moonrock Capital's Simon Dedic and onchain data. Arkham reported that more than $3 billion in USDC was minted in the first week of March as USDt supply remained comparatively flat, while CryptoQuant analysis shows roughly $66.5 billion in stablecoins held on exchanges — including a single-day March inflow of about $5.14 billion — pointing to stronger buying power returning to the crypto market. Regulatory discussions in jurisdictions such as Florida, together with Circle's previously reported strong Q4 2025 earnings linked to USDC business growth, frame a market environment where stablecoins are increasingly central to liquidity and settlement, the cited sources said.