Definition ∞ USDT USDC Supply refers to the total amount of Tether (USDT) and USD Coin (USDC) stablecoins currently in circulation across all supported blockchain networks. This aggregate figure represents a substantial portion of the dollar-pegged liquidity within the cryptocurrency market. It acts as a measure of the readily available capital that can be deployed into other digital assets. This reflects significant market capacity.
Context ∞ The USDT USDC supply is a critical macroeconomic indicator for the digital asset ecosystem, often cited in crypto news when discussing market liquidity and potential for growth. Fluctuations in this supply can influence investor confidence and indicate broader market sentiment. Monitoring its changes provides insight into the overall capital base supporting the cryptocurrency market.