Circle CEO Jeremy Allaire Says USDC Holds Competitive Edge After $30 Trillion Q1 2026 On-Chain Volume

Circle CEO Jeremy Allaire said USDC has a strong competitive advantage after data from Artemis showed about $30 trillion in on-chain USDC transaction volume in the first quarter of 2026. According to NS3.AI, Allaire made the remarks as OpenStandard introduced OUSD through a consortium of more than 140 payment and crypto firms. Allaire questioned whether OpenStandard’s model can be sustained, citing features including free issuance, free redemption, revenue sharing, and the consortium structure.