Circle mints $5B USDC as market cap hits $73.88B
USDC (USDC)
Cryptobriefing.com reports that Circle minted $5 billion in USDC during the week ending August 26, marking the largest single-week issuance since early 2026. This surge pushed the stablecoin's market cap to approximately $73.88 billion, a 2.67% increase over seven days. The $5 billion figure represents gross issuance, with redemptions reducing the net supply growth. Circle and Tether together minted roughly $3 billion in stablecoins within a 48-hour window earlier in the week. USDC's adjusted on-chain transaction count rose 31.5% week-over-week, indicating heightened activity. A significant portion of this minting occurred on Solana, including a $250 million transaction on August 20 and a $1 billion mint within 24 hours five days later. This activity coincided with Circle being selected as the technical provider for Hyperliquid's $5 billion USDC reserve.
What Whalio's data showed
Binance spot order flow for USDC, measured when this story was published on 26 August 2026.
The 24-hour buy ratio of 48.8% indicates a slight bearish bias, as selling pressure marginally outweighs buying. This contrasts with the 1-hour interval, where the buy ratio rose to 52.1%, suggesting a short-term shift toward buying. Volume delta confirms this divergence, showing a positive $4,398,687 inflow in the last hour against a negative $20,041,354 outflow over the past four hours. The 24-hour volume delta of -$80,859,440 and a CVD of -$108,348,734 reflect sustained net selling pressure over the longer timeframe. While immediate buying interest has emerged in the most recent hour, the broader 24-hour trend remains dominated by net outflows. The high spot volume of $3.27 billion and 618,028 trades demonstrate robust liquidity despite the negative delta.