Circle API Update: Stabilizing USDC Supply Data
Blog post from Circle
Circle Internet Financial has enhanced its API to provide more accurate and consistent data on the total supply of USD Coin (USDC) across all supported blockchain networks, addressing previous inconsistencies reported by users. These inconsistencies, often observed during periods of degraded network performance, arose because the Circle API initially excluded USDC totals from affected networks, leading to discrepancies in market cap data displayed by third-party providers like Coinmarketcap and Coingecko. The improved API now includes USDC supply totals regardless of network performance and breaks down the supply on a per-chain basis for greater transparency, ensuring that services using the Circle API display accurate information about USDC in circulation. Circle remains committed to transparency and is open to feedback to enhance the stability and user experience for its data consumers.