📰 USDC on-chain trading volume breaks $1 trillion: why doesn’t the coin price move despite such a huge number?

According to USDC’s official X account and ChainCatcher, as of September 12, 2026, USDC’s cumulative on-chain trading volume has surpassed $1 trillion. In plain terms, this is a milestone where stablecoins evolve from an “exchange settlement tool” into a “global payments infrastructure.”

💡 This is a mid-term bullish factor, but for the coin price it’s a slow-moving variable—not a catalyst.

In-depth analysis

**Why is this number important?** $1 trillion isn’t just speculative volume—speculation doesn’t require stablecoins to circulate this many times. This scale points to real settlement demand: cross-border remittances, corporate payouts, and the on-chain financial backbone. Stablecoins are the cash-flow entry point for the entire industry—when the entry gets wider, risk assets like BTC $77,253.71 and ETH $2,482.34 ultimately receive more “water.”

One-sentence translation: Money is already running on-chain, but it hasn’t decided whether to buy the coin yet.

Market impact comes in two layers: in the short term, today BTC is -0.51% over 24h and ETH is -1.47%; the market has basically shown no reaction to this news, meaning it doesn’t change near-term sentiment. In the mid term, the size of stablecoin supply is a foundational argument for regulatory legislation—every time Washington discusses a stablecoin bill, these kinds of data get cited.

Trading approach

- Coins: BTC / ETH
- Direction: Bullish 📈 (slow variable)
- Duration: BTC 12 hours / ETH 24 hours

💡 My view: Stablecoin data is a confirmation signal for the bottom range—not an “attack” signal. If BTC holds above $77,000, the mid-term bullish logic holds. If it breaks below the $77,253.71 line, this good news can’t support the order book, and the call is invalid. For ETH, it needs to reclaim $2,500 to be considered that it has digested the recent weakness. I’m 70% confident in this assessment; the remaining 30% is left to the market—I’m only taking a small position to express my stance.

This article has no project sponsorship. The author only holds a small amount of the assets mentioned.

$BTC $ETH #BTC #ETH

⚠️ Not investment advice