USDC price near dollar peg; Circle lists 68.9 billion tokens on November 9
Published on 11/15/2026 at 13:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSUSDC stays close to dollar value
- USDC was quoted at 1.00 USD at 12:05 UTC on November 15, 2026.
- Circle reported 68.9 billion USDC in circulation as of November 9.
- Circle says USDC is redeemable one-for-one for US dollars and backed by highly liquid cash and cash-equivalent assets.
USDC price was quoted at 1.00 USD at 12:05 UTC on November 15, 2026, according to a Perplexity Finance market quote. The quote was timestamped on the publication date and showed the USDC/USD market as open. No intraday trading move is used here because the available quote does not provide a dated UTC day-close comparison.
Circle reports circulation data
Circle's USDC page listed 68.9 billion tokens in circulation as of November 9, 2026. The issuer also describes USDC as a digital dollar designed to maintain a one-to-one value relationship with the US dollar and says it can be redeemed one-for-one. These figures and descriptions come from Circle's USDC information page.
Reserve transparency remains central
For holders, the key distinction is that USDC is intended to preserve a stable dollar value rather than deliver the price appreciation sought from more volatile cryptoassets. Circle says USDC is backed 100% by highly liquid cash and cash-equivalent assets and that reserves equal or exceed the amount in circulation. It also says monthly reserve attestations are published by a Big Four accounting firm.
Circle identifies the Circle Reserve Fund as the main reserve vehicle and says its portfolio can include short-dated US Treasury securities, overnight Treasury repurchase agreements and cash. The company's page states that the portfolio is managed by BlackRock and held in custody at The Bank of New York Mellon. These statements describe the issuer's reserve framework; they do not remove the operational, market and regulatory risks associated with digital assets.
Network reach and use cases
Circle states that USDC is natively issued on 38 blockchain networks and is available in more than 185 countries. The company positions the token for global payments, settlement, transfers and programmable financial applications. For investors and market participants, that network reach can support liquidity and utility, while the dollar peg remains the primary feature to monitor.
The USDC price therefore provides limited information about conventional crypto momentum when it is close to one US dollar. Reserve reporting, redemption arrangements, circulation and the continued availability of exchange and wallet infrastructure are more relevant indicators for assessing how the stablecoin functions.
More coverage is available on the USDC topic page.
