Ethereum holds 66.5% of total USDC in circulation. Ethereum functions as the primary home for USDC, meaning centralized exchanges, institutional trading desks, and lending protocols depend heavily on ETH based ERC-20 USDC for deep order books and settlement. The Solana network holds 9.34% of total USDC in circulation. It is primarily used in DeFi, on-chain trading, institutional settlements and high speed payments. HyperEVM holds over $6.5 billion in USDC to serve as the foundational liquidity, universal collateral and quote asset for the Hyper Liquid ecosystem.
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