USDC price stays near peg as Circle reports stronger Q3 activity
Published on 11/09/2026 at 13:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSUSDC activity grows while peg holds
- USDC traded at 1.0011 USD at 13:16 Berlin time, with Investing.com showing a 24-hour volume of 4.07 billion USD.
- Circle reported 13.9 trillion USD in third-quarter onchain USDC transaction volume, up 49 percent year over year.
- Average USDC circulation rose 8 percent to 73.3 billion USD, while reserve income fell 8 percent to 658 million USD.
The USDC price remained close to the dollar peg on November 9, while the latest operating update from issuer Circle pointed to stronger network use rather than a comparable increase in token balances. Investing.com displayed USDC at 1.0011 USD at 13:16 Berlin time, with a daily range of 1.0011 to 1.0013 USD. The page showed 4.07 billion USD in 24-hour volume, a market capitalization of 70.47 billion USD, a rank of six and 70.49 billion USDC in circulation. The quoted source reported no intraday percentage change.
The relevant daily comparison date is November 8, 2026, the preceding UTC day. A historical price page from The Market Periodical displayed a rounded November 8 close of 1.00 USD. Because that value is rounded and does not provide a compatible precise close for the 1.0011 USD quote, no daily percentage movement is inferred here.
Network activity outpaces balances
In its November 4 third-quarter results, Circle said average USDC in circulation increased 8 percent year over year to 73.3 billion USD. Onchain transaction volume reached 13.9 trillion USD, up 49 percent. The figures indicate more intensive use of each dollar in circulation, but transaction volume includes activity such as exchange settlement, liquidity management and transfers between controlled addresses. It should not be treated automatically as retail payment revenue.
Circle also reported total revenue and reserve income of 865 million USD, up 17 percent year over year, and net income from continuing operations of 226 million USD, up 5 percent. However, reserve income fell 8 percent to 658 million USD as the reserve return rate declined by 61 basis points. Other revenue rose to 207 million USD, including 182 million USD from the ARC token presale. That one-time contribution and the higher transaction volume therefore need to be separated from the recurring economics of holding USDC reserves.
What the peg means for holders
USDC is designed to maintain a one-to-one value against the US dollar. Circle states on its project page that the token is redeemable 1:1 and backed by highly liquid cash and cash-equivalent assets, with monthly reserve attestations. For holders, the current 1.0011 USD quote represents peg stability rather than a conventional appreciation opportunity. The relevant risks remain redemption, reserve, custody, operational and regulatory risks, while network growth does not eliminate them.
For ongoing coverage, see the USDC topic page.
