The circulation of USDC decreased by approximately 200 million dollars in the past week, reducing the total circulation to 33.6 billion dollars
According to official data, as of July 18th, Circle has issued approximately $2.1 billion USDC and redeemed about $2.3 billion USDC in the past seven days, reducing the circulation by roughly $200 million. The total circulation of USDC is $33.6 billion, with a reserve amount of $33.8 billion, including approximately $4.1 billion in cash and around $29.7 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.
You may also like
Bitwise Bitcoin ETF BITB Increases Holdings by About 163 BTC from the Previous Session
Aave Community Launches Proposition Vote to Bring USDS and sUSDS to Aave v3
StarkWare Announces Partnership with sCrypt to Build Bitcoin and L2 Specification Bridges