#usdccirculationfallsabout800minsevendays
USDC circulation fell by about 800 million tokens over the past seven days, bringing its total supply down to 70 billion.
During this week, Circle issued around 10.9 billion new USDC but redeemed 11.7 billion as redemptions outpaced new issuance. Meanwhile, total reserves backing the stablecoin stood at approximately $71.4 billion. This recent drop reflects shifting liquidity trends across the crypto market as cash leaves stablecoin holdings.
$BTC $BNB $ETH
USDC circulation fell by about 800 million tokens over the past seven days, bringing its total supply down to 70 billion.
During this week, Circle issued around 10.9 billion new USDC but redeemed 11.7 billion as redemptions outpaced new issuance. Meanwhile, total reserves backing the stablecoin stood at approximately $71.4 billion. This recent drop reflects shifting liquidity trends across the crypto market as cash leaves stablecoin holdings.
$BTC $BNB $ETH
