Sky (MakerDAO) and Binance Top List of Largest USDC Holders, Arkham Reports

Blockchain analytics platform Arkham has published a list of the largest USDC holders, breaking down balances across both individual wallets and institutional entities.

At the wallet level, Sky (formerly MakerDAO) leads the list, holding more than 3.7 billion USDC, valued at over $3.7 billion.

Expanding the view to broader organizations, the largest overall holder is crypto exchange Binance, which manages around 10.2 billion USDC, including assets allocated to its SAFU fund for user protection.

In the broader stablecoin market, USDC remains the second-largest stablecoin by market capitalization, with a circulating supply of about $78 billion. Meanwhile, USDT, issued by Tether, continues to dominate the sector with roughly $190 billion in supply.

Source: Arkham