USDC price stays near peg as Circle reports stronger Q3 activity

The USDC price remained close to its dollar peg on November 11, 2026. The USDC/USD page read on Investing.com listed the token at 1.0010 USD at 15:20:21, with a displayed daily change of 0.00 percent. Because the page did not provide a dated UTC timestamp or a verified November 10 UTC close, no daily percentage comparison is stated here.

Stablecoin Activity Accelerates

Circle's third-quarter results, published on November 4, showed that USDC onchain transaction volume reached 13.9 trillion USD, an increase of 49 percent from the same quarter a year earlier. Average USDC in circulation rose 8 percent year over year to 73.3 billion USD. These figures indicate stronger network usage, although transaction volume does not translate directly into equivalent revenue for the issuer.

Circle also reported 865 million USD in total revenue and reserve income for the quarter, up 17 percent year over year. Reserve income, the largest component of the business, fell 8 percent to 658 million USD as the reserve return rate declined by 61 basis points. Other revenue reached 207 million USD, including 182 million USD from the presale of the ARC token. The figures therefore include a significant non-recurring or transaction-specific contribution outside the core reserve-income stream.

Circulation and Reserve Context

Circle's USDC webpage showed 69.2 billion USDC in circulation as of November 5, 2026, while the Investing.com page displayed 70.04 billion USDC in circulation when read on November 11. The two figures refer to different dates and sources and are not treated as a single time series. Circle states that USDC is redeemable one-for-one for US dollars and backed by highly liquid cash and cash-equivalent assets. Its website also says that monthly reserve attestations are conducted by a Big Four accounting firm.

For investors and market participants, the key distinction is between the token's peg and Circle's economics. The USDC price near one dollar reflects the stablecoin's design objective, not equity-like growth in the token itself. The more relevant operating indicators are circulation, payment and settlement activity, reserve yields, and the costs of distributing USDC through partners. Circle's quarterly release also said its payments network reached 41.3 billion USD in annualized total payment volume and that the company agreed to acquire Tazapay, subject to regulatory approvals and expected completion in 2027.

Further USDC coverage is available on the USDC topic page.