The Migration. By

Cash-backed dollar stablecoins · Asset page

USD Coin (USDC)

Circle · number 2 of 6 cash-backed dollar stablecoins we count

The Migration by · as of · updated every 6 hours

Short answer

As of October 28, 2026, $70.08 billion of USD Coin (USDC) is on public blockchains, read directly from 11 blockchains by The Migration by Concrete.

USDC by blockchain

Blockchain and token addressValueAddress source
Ethereum
0xA0b86991c6218b36c1d19D4a2e9Eb0cE3606eB48
$47.45BA · issuer address page
Solana
EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v
$6.64BA · issuer address page
HyperEVM
0xb88339CB7199b77E23DB6E890353E22632Ba630f
$6.49BA · issuer address page
Base
0x833589fCD6eDb6E08f4c7C32D4f71b54bdA02913
$4.24BA · issuer address page
Arbitrum
0xaf88d065e77c8cC2239327C5EDb3A432268e5831
$2.43BA · issuer address page
Arc
0x3600000000000000000000000000000000000000
$1.10BA · issuer address page
Polygon
0x3c499c542cEF5E3811e1192ce70d8cC03d5c3359
$634.1MA · issuer address page
Avalanche
0xB97EF9Ef8734C71904D8002F8b6Bc66Dd9c48a6E
$355.3MA · issuer address page
Stellar
USDC-GA5ZSEJYB37JRC5AVCIA5MOP4RHTM335X2KGX3IHOJAPP5RE34K4KZVN
$342.6MA · issuer address page
Sui
0xdba34672e30cb065b1f93e3ab55318768fd6fef66c15942c9f7cb846e2f900e7::usdc::USDC
$272.2MA · issuer address page
OP Mainnet
0x0b2C639c533813f4Aa9D7837CAf62653d097Ff85
$123.6MA · issuer address page

Addresses from Circle.

Quick answers

How much USDC is on-chain?

As of October 28, 2026, $70.08 billion of USD Coin (USDC) is on public blockchains, read directly from 11 blockchains by The Migration by Concrete.

Which blockchains is USDC on?

USDC is on 11 blockchains in our count. The largest are Ethereum ($47.45B), Solana ($6.64B), HyperEVM ($6.49B).

How does USDC rank among cash-backed dollar stablecoins?

USDC is number 2 of the 6 cash-backed dollar stablecoins we count, with 26.7% of the $262.80 billion total as of October 28, 2026.

Does this match Circle's own figure?

Our blockchain reads cover 98.3% of the circulation Circle reports. The remainder is on chains we don't read yet.

Who issues USDC?

USDC is issued by Circle. Every address we count comes from the issuer's own published list or a written confirmation from the issuer.

The Migration by tracks traditional finance moving on-chain, reading every token directly from public blockchains. See all our counts.

Citing this page: "The Migration by Concrete, USDC on-chain, Oct 28, 2026," with a link to this page and to .

For information only. Not investment advice.