The circulating supply of USDC has increased by 100 million in the past 7 days
According to official data, Circle issued 1.9 billion USDC and redeemed 1.8 billion USDC in the past seven days, resulting in a circulation increase of 100 million USDC. As of December 14th, the total circulation of USDC is $24.4 billion, with reserves amounting to $24.5 billion, including $2.3 billion in cash and $22.3 billion held by the Circle Reserve Fund.
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
The joint intervention by the US and Japan on the yen has been effective, with hedge fund yen short positions dropping by more than half.
After the historic joint intervention by the United States and Japan, hedge funds further reduced their bearish positions against the yen, indicating a easing of negative sentiment toward the currency.
