Data: USDC Circulation Down by About 800 Million in the Last 7 Day
On October 12, Circle's official data showed that USDC liquidity declined by approximately 800 million coins in the seven days ending October 10, 2024, a period during which Circle issued approximately 1.8 billion USDC and redeemed approximately 2.6 billion coins.
Currently, USDC has a total liquidity of 34.6 billion units and a reserve of approximately $34.8 billion. Over the past 365 days, 123.1 billion USDC were issued and 113.9 billion were redeemed, a net increase of 9.3 billion.
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
Negotiations on the US crypto market structure bill continue and may be postponed until next year
The U.S. Senate Banking Committee may postpone the review of the "Cryptocurrency Market Structure Bill" until 2026.
Bitcoin mining company Cango's total BTC holdings surpass 7,100, with 131 mined this week
Trending news
MoreCrypto prices
More
