#usdccirculationfallsabout800minsevendays
Over the past seven days through October 29, the circulating supply of USDC fell by approximately 800 million tokens. During this period, issuer Circle created around 10.9 billion new USDC but processed 11.7 billion tokens in redemptions, leading to a net decrease in supply. This drop brings the total circulating amount to roughly 70 billion USDC. Circle continues to maintain full backing for all active tokens, holding over $71.4 billion in cash and short-term US Treasury reserves.
$BTC $ETH $BNB
Over the past seven days through October 29, the circulating supply of USDC fell by approximately 800 million tokens. During this period, issuer Circle created around 10.9 billion new USDC but processed 11.7 billion tokens in redemptions, leading to a net decrease in supply. This drop brings the total circulating amount to roughly 70 billion USDC. Circle continues to maintain full backing for all active tokens, holding over $71.4 billion in cash and short-term US Treasury reserves.
$BTC $ETH $BNB
