USDC's stablecoin supply on Stellar rose 34.7% in 30 days, pushing its market cap on the network to $365.5 million. The growth coincides with Circle's May 2026 rollout of its Cross-Chain Transfer Protocol, which now links Stellar to 23 other blockchains. Even so, Stellar accounts for roughly 0.5% of USDC's total circulating supply.
USDC's supply on the Stellar network climbed 34.7% over the past 30 days, lifting the stablecoin's market cap on the chain to $365.5 million. The gain lines up with Circle's deployment of its Cross-Chain Transfer Protocol, known as CCTP, on Stellar in May 2026. The protocol now links Stellar to 23 other blockchains, including Ethereum and Solana.
How CCTP moves USDC across chains
Before CCTP, moving USDC between chains typically meant relying on wrapped tokens or third-party bridges. Wrapped tokens carry counterparty risk, since the wrapped version depends on an intermediary backing it one-to-one. Bridges, meanwhile, have long been a target for hackers, with billions lost to exploits across DeFi.
CCTP sidesteps both problems with a burn-and-mint mechanism: tokens sent from one chain are burned, and new ones are minted natively on the destination chain. That removes the need for wrappers, bridges, or a middleman holding funds in a smart contract.
A stablecoin that arrived quietly
USDC first landed on Stellar in February 2021, following an announcement the previous October. Since then, the network has processed over 4.5 million USDC transactions, with total payments volume crossing $3 billion.
Still a fraction of USDC's total supply
Circle's own data, as of August 7, 2026, pegged the Stellar-specific USDC supply at roughly $360.5 million. Total USDC circulation across all supported chains sits at nearly $72 billion as of early August 2026. Stellar's share comes out to roughly 0.5% of the total supply.
Source: Crypto Briefing
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