Protocol Information
USDCx is a private, programmable stablecoin built with Circle, backed 1:1 by USDC held in Circle xReserve
Methodology
TVL: USDC collateral backing USDCx, read per destination domain from the xReserve contract via balanceOfNativeCollateral. The collateral is physically custodied in the shared Circle Gateway wallet, so this adapter is marked doublecounted and excluded from parent TVL.View code on GitHubCompetitors
USDCx history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jun 25, 2026 to Oct 25, 2026.
All-time high TVL: $72.14m on Sep 18, 2026. All-time low TVL: $46.52m on Jun 26, 2026.
Daily TVL, Sep 26, 2026 to Oct 25, 2026
| Date | TVL |
|---|---|
| Sep 26, 2026 | $67.84m |
| Sep 27, 2026 | $67.94m |
| Sep 28, 2026 | $67.99m |
| Sep 29, 2026 | $67.68m |
| Sep 30, 2026 | $67.6m |
| Oct 1, 2026 | $67.8m |
| Oct 2, 2026 | $67.99m |
| Oct 3, 2026 | $68.14m |
| Oct 4, 2026 | $67.6m |
| Oct 5, 2026 | $67.81m |
| Oct 6, 2026 | $67.88m |
| Oct 7, 2026 | $68.78m |
| Oct 8, 2026 | $68.29m |
| Oct 9, 2026 | $67.17m |
| Oct 10, 2026 | $66.72m |
| Oct 11, 2026 | $66.86m |
| Oct 12, 2026 | $66.81m |
| Oct 13, 2026 | $66.45m |
| Oct 14, 2026 | $66.35m |
| Oct 15, 2026 | $65.45m |
| Oct 16, 2026 | $65.63m |
| Oct 17, 2026 | $65.99m |
| Oct 18, 2026 | $65.66m |
| Oct 19, 2026 | $65.7m |
| Oct 20, 2026 | $65.28m |
| Oct 21, 2026 | $64.29m |
| Oct 22, 2026 | $64.55m |
| Oct 23, 2026 | $64.01m |
| Oct 24, 2026 | $63.72m |
| Oct 25, 2026 | $63.64m |
TVL at each month end, Jun 2026 to Oct 2026
| Date | TVL |
|---|---|
| Jun 30, 2026 | $52.02m |
| Jul 31, 2026 | $55.91m |
| Aug 31, 2026 | $62.61m |
| Sep 30, 2026 | $67.6m |
| Oct 25, 2026 (latest) | $63.64m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/usdcx
Frequently asked questions
What is USDCx's TVL?
As of Oct 25, 2026, USDCx has $63.59m in total value locked. TVL has decreased 5.8% over the past 30 days.
What chains does USDCx operate on?
USDCx operates on Ethereum. Ethereum holds the largest share at 100%.
How does USDCx's TVL compare to similar protocols?
Among Stablecoin Wrapper protocols tracked by DefiLlama, USDCx ranks #2 by TVL. The category holds $233m across 7 protocols, and USDCx accounts for 27.3% of that total. Similar protocols include Saturn, XGLD, Startale USD, USDR, USX.Capital, and Rotera.