USDC circulation increased by about 200 million in the past week
According to official data, Circle issued about 2.1 billion USDC and redeemed about 2.3 billion USDC within the 7 days ending on July 18th, resulting in a net increase of about 200 million USDC in circulation. The current total circulation of USDC is 33.6 billion US dollars, with a reserve of about 33.8 billion US dollars, including 4.1 billion US dollars in cash and Circle Reserve Fund holding 29.7 billion US dollars.
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
Pi Network Backs Startups with $100M Venture Fund
The funding comes from 10% of the tokens set aside for the Pi Foundation, a nonprofit organization designed to support Pi’s long-term growth and sustainability.
Nebraska Passes Bitcoin Mining Bill, Awaits Governor’s Signature
BTCS Inc. Raises $57.8M to Expand Ethereum Strategy
NXPC opened at $3.29 and is currently quoted at $3.0566
Trending news
MoreCrypto prices
More
