USDT, USDC supply increases by 1.7 billion in August 2026
Combined circulation of USDT and USDC rose by about 1.7 billion in August 2026, ending a three-month decline. The supply had previously decreased by approximately 2.6 billion in May, 6 billion in June, and 2.2 billion in July. Historical data indicates that monthly stablecoin growth above 10 billion marks a key point for stronger liquidity expansion. In 2021 and late 2024, monthly increases exceeded 18 billion, while during the 2025 bull market, they reached 8 billion to 12 billion. The current 1.7 billion increase is considered modest. Despite Bitcoin's rebound from around 60000 to nearly 80000, stablecoin supply growth has not returned to levels seen in previous bull-market phases, indicating that the current increase reflects early-stage liquidity recovery rather than a new phase of broad liquidity expansion.
-- Price
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