Standard Chartered delays 2 trillion forecast: What it means for the USDC price

Published on 10/23/2026 at 07:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The EBA classified USDC among 45 EU tokens under MiCA on October 14. The USDC price is 1.0010 USD as of October 23, 2026.

Regulation, usage and market data

On October 14, 2026, Standard Chartered shifted its 2 trillion USD stablecoin forecast to 2030.
Circle said USDC settled 36 trillion USD in onchain volume during the first half of 2026.
The USDC price stands at 1.0010 USD as of October 23, 2026.
Direct EBA oversight of USDC reserves and liquidity begins on November 12, 2026.

USDC, XCRYPTOUSDC0, Illustration mit AI erstellt.

USDC (USDC) is tied to Standard Chartered's decision on October 14, 2026, to push a 2 trillion USD stablecoin forecast to 2030. The bank's assessment said stablecoin supply had remained in a 300 billion USD to 320 billion USD range for 12 months, according to Yahoo Finance. The USDC price stands at 1.0010 USD as of October 23, 2026, according to Investing.com.

EU oversight date is November 12, 2026

On October 14, 2026, the European Banking Authority classified USDC as a significant e-money token under the Markets in Crypto-Assets regulation. It was the first of 45 notified European Union e-money tokens to receive that designation, according to TokenPost. The EBA is scheduled to take direct responsibility on November 12, 2026, for the EU issuer's own funds, reserve assets, liquidity requirements, and recovery and redemption plans. France's ACPR retains oversight of governance, qualifying holdings, senior-manager assessments, outsourcing, and conflicts of interest.

The reserve framework remains a live issue. TokenPost reported that the existing rule sets a 60 percent bank-deposit minimum for significant issuers and that Circle asked the European Commission on October 1, 2026, to replace the fixed share with a minimum asset-liquidity standard.

USDC activity reached 36 trillion USD

Circle said USDC settled more than 36 trillion USD in onchain transaction volume during the first half of 2026 and that minting and redemption volume exceeded 315 billion USD in the same period. The figures appeared in Circle's October 16, 2026, explanation of its distribution and infrastructure spending, published by Circle. Circle also said it maintained more than 55 licenses and registrations and deployed USDC on more than 35 blockchains.

Allium's adjusted onchain data put USDC circulating supply at 69.62 billion USD on October 12, 2026, after excluding double-counted bridged copies, according to Allium. The methodology distinction matters because raw and adjusted supply totals can differ when bridged representations are included.

USDC market data on October 23, 2026

According to Investing.com, USDC trades at 1.0010 USD as of October 23, 2026. The daily high is 1.0010 USD and the daily low for the UTC day is 1.0009 USD. Market capitalization is 72.15 billion USD, ranking USDC sixth, while 24-hour volume is 14.05 billion USD. Circulating supply is 72.16 billion USDC.