USDC price stays near peg as Circle reports stronger Q3 activity

The USDC price remained close to its one-dollar target on November 6, 2026, as Circle reported stronger transaction activity for the third quarter. Investing.com displayed USDC at 1.0010 USD when checked, with a daily range of 1.0007 to 1.0011 USD, 24-hour volume of 14.54 billion USD and market capitalization of 70.89 billion USD. The page showed a timestamp of 12:16:33 but did not provide a separately verifiable UTC session date, so no UTC day-over-day percentage change is assigned here.

Transaction activity accelerates

In a November 4 release, Circle reported average USDC in circulation of 73.3 billion USD for the third quarter of fiscal 2026, up 8 percent from the same period a year earlier. Onchain transaction volume reached 13.9 trillion USD, an increase of 49 percent year over year.

The figures point to higher activity per circulating dollar, although transaction volume is not the same as revenue or profit. Circle also reported 658 million USD in reserve income, down 8 percent year over year, as the reserve return rate declined by 61 basis points. That contrast matters for investors assessing the issuer's business model: USDC usage increased, while the yield earned on reserves weakened.

Stablecoin infrastructure expands

Circle's release also highlighted broader payment and settlement initiatives connected with USDC. The company said Visa moved stablecoin prefunding from pilots to commercial deployment, enabling eligible clients to fund cross-border payouts using USDC across more than 180 countries. Samsung Wallet also enabled eligible US users to send USDC to qualifying bank accounts in more than 60 countries, with delivery in local currency.

Separately, ACI Worldwide and Circle are testing USDC settlement alongside Colombia's existing payment infrastructure. The announced pilot is designed to examine how financial institutions can combine stablecoin settlement with traditional payment rails. It does not establish a public launch date or prove live adoption.

Reserve backing remains central

According to Circle's USDC information page, the token is redeemable 1:1 for US dollars and backed by highly liquid cash and cash-equivalent assets. Circle reported 71.0 billion USDC in circulation as of October 26, 2026, while its website says monthly reserve attestations are published by a Big Four accounting firm.

For investors, the USDC price near one dollar reflects the token's stablecoin design rather than a conventional growth-asset thesis. The relevant indicators are reserve coverage, redemption access, regulatory treatment and usage growth. The main near-term focus is whether higher transaction activity translates into durable payment adoption while lower reserve returns constrain Circle's economics.

More coverage is available on the USDC topic page.