USDC Circulating Supply Rises by 1 Billion in a Week to Top 73.7 Billion
Uk Jin
Summary
- USDC's circulating supply increased by about 1 billion tokens over the past week.
- Circle minted about 11.2 billion USDC and redeemed 10.2 billion USDC over the week, increasing net circulation by about 1 billion USDC.
- USDC's total circulating supply now stands at about 73.7 billion tokens, backed by about $74 billion in reserve assets.
Forecast Trend Report by Period
USDC's circulating supply increased by about 1 billion tokens over the past week.
Circle minted about 11.2 billion USDC and redeemed 10.2 billion USDC in the week through Aug. 27, according to Odaily on Aug. 29. That increased net circulation by about 1 billion USDC.
USDC's total circulating supply now stands at about 73.7 billion tokens. Reserve assets backing the stablecoin total about $74 billion.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.