USDC circulation declined by approximately $800 million over the seven days ending October 29, according to Circle's official data. The stablecoin issuer minted roughly $10.9 billion in USDC during the period while redeeming about $11.7 billion, resulting in a net contraction of circulating supply.
Total USDC in circulation now stands at $70 billion, backed by reserves of approximately $71.4 billion. The reserve breakdown includes $32.9 billion in overnight reverse Treasury repurchase agreements, $27.5 billion in Treasury securities maturing within three months, $10.4 billion in deposits at systemically important institutions, and $600 million in deposits at other banks.
USDC Circulation Drops ~$800M as Redemptions Outpace Issuance
Aviso legal: El contenido de Phemex News es únicamente informativo.No garantizamos la calidad, precisión ni integridad de la información procedente de artículos de terceros.El contenido de esta página no constituye asesoramiento financiero ni de inversión.Le recomendamos encarecidamente que realice su propia investigación y consulte con un asesor financiero cualificado antes de tomar cualquier decisión de inversión.