USDC Circulation Drops by $200 Million Over the Past Week

0


This article has been republished with permission from Binance News.

Circle’s official data reveals that in the past seven days leading up to September 7, a total of $900 million USDC has been issued, while $1.1 billion USDC has been redeemed. This has resulted in a net decrease of $200 million in USDC circulation. Currently, the total circulation of USDC stands at $25.9 billion, with reserves amounting to $26 billion. These reserves consist of $1.7 billion in cash and $24.3 billion held by the Circle Reserve Fund.
 



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *