Circle is also working on the USDC chain, which is comparable to Tether's USDT chain Plasma/Stable, essentially creating its own distribution channel.

The current total supply of USDC is approximately $65.55b, having grown by 2 billion dollars in the past month. USDC natively supports 25 chains, and over 50+ chains when including bridged.

From the distribution of USDC on the chain:
- Ethereum $41.6B, accounting for 63.51%
- Solana $8.09B, accounting for 12.34%
- Hyperliquid $4.78B, accounting for 7.29%
- Base $3.87B, accounting for 5.9%
- Arbitrum $2.36B, accounting for 3.6%
- BSC $0.94B, accounting for 1.43%
…

Hyperliquid and the USDC on BSC are both bridged versions rather than native versions, with Hyperliquid sourced from Arbitrum bridged, having taken 67.6% of the USDC from Arbitrum; however, the native USDC should be visible on Hyperliquid soon.