Since USDC is not a price-increasing token but a stablecoin that aims for $1 repayment and payment stability, the 12-month scenario is evaluated based on peg stability, circulation volume, payment adoption, and regulatory risk rather than “price rise.” USDC is a dollar-linked stablecoin issued by Circle, and as of April 30, 2026, as of Circle's official page, USDC circulating volume is announced as USD 77.1 billion and reserves as USD 77.4 billion. Circle explains that its reserves are 100% backed by cash and highly liquid cash equivalents, and publishes monthly reserve verification reports from Big Four accounting firms.
Investment View
The reason is that Circle is expanding its target horizon beyond the simple USDC issuance growth narrative to CPN, CCTP V2, xReserve, Arc, and Compliance Engine. Reserves depend on off-chain financial institutions and the government bond market, Circle's profits are sensitive to interest rates, and issuance, redemption, and freezing authority is centralized. If this transition is successful, USDC is likely to go beyond the “dollar token of the cryptocurrency market” and become a “regulated payment layer in Internet finance”.
Source PDF
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Report Type
Project Maturity Analysis
Version
v2
Analysis Date
May 19, 2026
Language
en
Disclaimer: This report is generated through AI-powered analysis and market data. This is not investment advice. All investment decisions should be made at your own risk.