USDC Shifts Away From Exchanges as Coinbase Products Average $19B in Q1'26
On May 23, 2026, data showed USDC moving off exchanges as Coinbase products averaged $19B of USDC in Q1'26, equal to 25.3% of total supply. USDC ERC20 exchange reserves fell to 13.47B, down 5.91% in 24H, while netflow hit -846.2M and total ERC20 supply slipped to 52.76B (-1.55% in 24H).