For the very first time, Circle’s USD Coin (USDC) has surpassed Tether (USDT) in total supply on the Ethereum network. At the time of writing, USDC’s current supply on Ethereum is 40.06 billion tokens, just ahead of USDT’s supply of 39.82 billion. Currently, the current total supply for USDC is 45.7 tokens across 21 chains or layer-two solutions.