USDC Holds 53% of Fireblocks Stablecoin Volume
The share reflects activity on the institutional custody and transfer platform Fireblocks, according to an announcement from the @USDC account.
Updated on Nov. 9, 2026 in Financial Services
USDC accounted for 53% of stablecoin volume on Fireblocks, a custody and transfer platform serving institutional clients, the @USDC account announced on November 6. Fireblocks reposted the announcement.
Why it matters
The platform-specific figure points to USDC's strong position among institutional users of stablecoins. A separate global measure, cited for the period through June, placed USDC's broader share at about 77%, indicating its prominence across different segments of the market.
USDC held 53% of stablecoin volume on Fireblocks, while a separate global measure put its share of stablecoin transaction volume at about 77% through June, up from 60% a year earlier. The Fireblocks figure covers only activity on that platform, and the source does not state the period it covers.
The players
Circle
Circle is the company that issues USDC, a stablecoin pegged to the U.S. dollar, and it has become one of the largest issuers of dollar-backed digital tokens.
Fireblocks
Fireblocks is a digital asset custody and transfer platform that serves institutional clients, and it reposted the USDC share announcement.
The details
Circle issues USDC as a digital stablecoin pegged to the U.S. dollar. The @USDC account announced the 53% Fireblocks share on November 6, and Fireblocks reposted the announcement. The source does not detail how the platform-level share was calculated.
Timeline
June: a global measure put USDC at about 77% of stablecoin transaction volume.
November 6: the @USDC account announced the 53% share of stablecoin volume on Fireblocks.
Market Landscape
USDC's global share of stablecoin transaction volume rose from 60% a year earlier to about 77% through June, according to the separate global measure. The 53% figure on Fireblocks shows that its share varies by platform, with institutional custody venues among the places where it holds a large portion of activity.
For institutions that rely on Fireblocks for custody and transfers, the 53% share indicates how widely USDC is used on that platform. Businesses and individuals holding stablecoins should note that adoption figures differ substantially depending on the platform or measure used.
The takeaway
Stablecoin market share figures depend heavily on the platform or measure used, so a single number rarely captures the full picture. Readers comparing adoption data should check which dataset and time period each figure covers.
Further reading
Explore more Financial Services coverage for context on how stablecoins are used by institutions.
Source note: This article includes information reported by TokenPost.
