Stablecoin supply reached a record $315 billion in Q1, with USDC supply increasing and USDT supply decreasing.

CoinFeed reported on April 3rd, citing Cointelegraph, that the total supply of stablecoins increased by approximately $8 billion in the first quarter of 2026, reaching a record $315 billion. Stablecoin trading volume accounted for 75% of total cryptocurrency trading volume in the quarter, a new all-time high. Circle's USDC supply increased by approximately $2 billion, while Tether's USDT supply decreased by approximately $3 billion, marking the first significant divergence between the two major stablecoins since the second quarter of 2022. Total stablecoin trading volume surpassed $28 trillion, but retail transfers decreased by 16%, with bot transactions accounting for approximately 76%. The interest-bearing stablecoin market size was approximately $3.7 billion, with daily trading volume exceeding $100 million.