USDC Circulation Drops by $200 Million Over the Past Week


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.

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