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USDC circulation decreased by about $300 million in the past week, and the total circulation dropped to $34.4 billion

USDC circulation decreased by about $300 million in the past week, and the total circulation dropped to $34.4 billion

Cointime2024/10/27 00:11
By: Cointime
RSR-3.44%USDC+0.01%

as of October 24th, Circle has issued approximately $1.7 billion USDC and redeemed approximately $2 billion USDC in the past 7 days, resulting in a decrease of approximately $300 million in circulation. The total circulation of USDC is $34.4 billion, with reserves of $34.6 billion, including approximately $4.1 billion in cash and approximately $30.5 billion held by the Circle Reserve Fund.

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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