July 3, 2020 USDC total supply exceeds one billion.

The total supply of USD Coin (USDC) exceeded one billion on July 1. According to data from Coin Metrics, the total supply of the USD-pegged stablecoin increased by $260 million or 35% from $742 million on June 14 to $1.002 billion on July 1. Notwithstanding the recent increase, USDC still represents a relatively small portion, 8.8%, of the total stablecoin market while Tether (USDT) accounts for 83.8% of the total stablecoin market capitalization.