USDC is changing! The circulation volume dropped by 800 million in 7 days. How does the market react?
According to the latest official data, as of October 10, Circle has issued a total of 1.8 billion USDC in the past 7 days, but the redemption volume during the same period was as high as 2.6 billion, and the circulation volume decreased by 800 million. At present, the total circulation of USDC is 34.6 billion, and the reserve volume has reached 34.8 billion US dollars, of which the cash reserve is about 3.7 billion US dollars, and the Circle Reserve Fund holds 31 billion US dollars in assets.
This rapid reduction reflects the change in the market demand for stablecoin liquidity. Is the sudden drop in circulation a short-term selling pressure or a prelude to market adjustment? In any case, this trend deserves close attention from every investor.
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