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USDC circulation has decreased by approximately US$300 million in the past week

USDC circulation has decreased by approximately US$300 million in the past week

CointimeCointime2023/10/28 09:57
By:Cointime

According to data from Circle's official website, in the past 7 days, Circle has issued approximately $1.3 billion USDC and redeemed approximately $1.6 billion USDC, reducing the circulation by approximately $300 million. Currently, the total circulation of USDC is $25 billion, with a reserve of $25.2 billion, including $1.6 billion in cash and Circle Reserve Fund holding $23.6 billion.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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