USDC circulation decreased by 100 million coins in the past 7 days
PANews reported on May 12 that according to official data, in the seven days as of May 9, Circle issued 2 billion USDC and redeemed 2 billion USDC, reducing the circulation by 100 million coins. The total circulation of USDC is US$33 billion, with reserves of US$33.1 billion, including US$3.3 billion in cash and US$29.8 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
Yesterday, the net inflow of US spot Ethereum ETFs was $76.6 million.
Yesterday, the net inflow of US SOL spot ETFs was $5.3 million.
Ethereum supporter Anthony Sassano: Ethereum gas limit may increase by 3-5 times next year
Pandora Ethereum ETF to be listed on the Hong Kong Stock Exchange on December 3