Data: USDC Circulation Decreased by Approximately 800 Million in the Past 7 Days
According to a report by Jinse Finance, based on official data, Circle issued approximately 2.9 billion USDC and redeemed about 3.7 billion USDC within the 7 days ending May 15, resulting in a decrease in circulation of about 800 million. The total circulation of USDC is 60.5 billion, with reserves of approximately 60.7 billion USD, including around 7.3 billion USD in cash, and the Circle Reserve Fund holds about 53.4 billion USD.
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.
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