USDC.e stablecoin data
Data card for USDC.e: on-chain issuance in the 30 days to 31 October 2026, issuer freeze and seize acts, and the freeze function of each contract, measured by the Stablecoin Scanner (ACHIVX).
Issuer and rules
What issuer documents say about USDC.e, each row with its source.
| Fact | Value | Source |
|---|---|---|
| Issuer | Not issued by Circle. On Arbitrum, USDC.e is USDC bridged from Ethereum and is not issued by Circle. Quote: "In the case of Arbitrum, there also exists a “bridged” form of USDC, known as USDC.e, that’s been bridged from Ethereum. USDC.e is not issued by Circle." | circle.com |
| Type | Category: bridged representation of USDC. Bridged USDC is backed by USDC on another blockchain locked in a smart contract. | circle.com |
| Redemption | Bridged USDC is unofficial: Circle neither issues nor redeems it. | circle.com, circle.com |
| Native USDC | Native USDC is issued by Circle and redeemable 1:1 for US dollars. Quote: "Native USDC is officially issued by Circle and always redeemable 1:1 for US dollars." | circle.com |
Issuer, reserves, freeze and register facts for native USDC are on the USDC page.
Checked against the sources on 1 November 2026. Not legal advice.
- revain.org: revain.org/coins/usdc
- Glossary: Issuer, Redemption, Freeze (address freeze), Mint, Burn, Net issuance
Issuance, 30 days
| Network | Minted | Burned | Net issuance | Window | Scanner build | Source |
|---|---|---|---|---|---|---|
| All covered networks | US$4.45 m | US$8.75 m | -US$4.30 m | 30 days to 31 October 2026 | 1 November 2026 | stablescan.achivx.com/optimism/stablecoin/usdc-e |
| Optimism | US$11,655 | US$2.71 m | -US$2.70 m | 30 days to 31 October 2026 | 1 November 2026 | stablescan.achivx.com/optimism/stablecoin/usdc-e |
| Arbitrum | US$4.44 m | US$6.04 m | -US$1.60 m | 30 days to 31 October 2026 | 1 November 2026 | stablescan.achivx.com/arbitrum/stablecoin/usdc-e |
Mints and burns the scanner decodes on the networks it covers, not the issuer's total issuance.
Issuer acts
Acts the issuer carried out on Optimism and Arbitrum, the networks where the scanner indexes USDC.e issuer acts.
| Measure | Value | Window | Scanner build | Source |
|---|---|---|---|---|
| Freeze acts | 0 | 30 days (2 October 2026 – 31 October 2026) | ledger read on 1 November 2026 | stablescan.achivx.com/optimism/stablecoin/usdc-e |
| Unfreeze acts | 0 | 30 days (2 October 2026 – 31 October 2026) | ledger read on 1 November 2026 | stablescan.achivx.com/optimism/stablecoin/usdc-e |
| Seize acts | 0 | 30 days (2 October 2026 – 31 October 2026) | ledger read on 1 November 2026 | stablescan.achivx.com/optimism/stablecoin/usdc-e |
| Seized | US$0 | 30 days (2 October 2026 – 31 October 2026) | ledger read on 1 November 2026 | stablescan.achivx.com/optimism/stablecoin/usdc-e |
| Addresses acted on | 0 | 30 days (2 October 2026 – 31 October 2026) | ledger read on 1 November 2026 | stablescan.achivx.com/optimism/stablecoin/usdc-e |
The scanner notes that every act is something the issuer did; it says nothing about who the address belongs to or why.
Freeze function in the contract
What the USDC.e contract on each network lets the issuer do, from the scanner's token registry (read at build time, no build date).
| Network | Contract | Deployment | Freeze function | Source |
|---|---|---|---|---|
| Arbitrum | 0xff970a61a04b1ca14834a43f5de4533ebddb5cc8 | bridged | freeze only | stablescan.achivx.com/arbitrum/stablecoin/usdc-e |
| Optimism | 0x7f5c764cbc14f9669b88837ca1490cca17c31607 | bridged | freeze only | stablescan.achivx.com/optimism/stablecoin/usdc-e |
Settlement volume
The scanner publishes no organic settlement figure for USDC.e alone; its per-coin volume is raw, and this site does not print raw volume. Organic figures exist only for all stablecoins on a network together: see organic settlement by network.
Links
- Stablecoin Scanner (ACHIVX): stablescan.achivx.com/optimism/stablecoin/usdc-e
How these figures are made
- Organic, not raw. Settlement figures are the scanner's organic figures, with round trips and bot churn removed. Raw settlement volume is not printed, and no field the scanner marks as overflowed is used.
- Coverage: 7 networks (Arbitrum, BNB Chain, Base, Ethereum, Optimism, Solana, Tron). Networks, coins and wallets the scanner does not cover have no figures here.
- Read at build time. Figures are read from the Stablecoin Scanner (ACHIVX) when this site is built, not live in your browser. Each row gives its window, the scanner's build date and the scanner page it comes from.
- Not a reserve or solvency claim. Exchange and bridge balances are on-chain reads of the wallets the scanner can attribute: a floor of their on-chain stablecoins, not their reserves or liabilities.
- Scanner methodology version:
stablscan-methodology-v0.6.0.
Sources
- https://stablescan.achivx.com/arbitrum/freezes
- https://stablescan.achivx.com/arbitrum/stablecoin/usdc-e
- https://stablescan.achivx.com/optimism/freezes
- https://stablescan.achivx.com/optimism/stablecoin/usdc-e
- https://www.circle.com/blog/arbitrum-usdc-now-available
- https://www.circle.com/blog/bridged-usdc-standard
- https://www.circle.com/bridged-usdc
- https://www.circle.com/multi-chain-usdc/arbitrum