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Circle says USDC circulating supply fell by about 500 million in seven days

NewsFeeds update

Circle issued about $12.8bn of USDC and redeemed about $13.3bn in the seven days to 22 Oct, leaving circulating supply down by roughly $500m at $72bn. Reserves stood at about $72.2bn, including $36.1bn in overnight reverse Treasury repos and $25.9bn in Treasury securities maturing within three months.

StablecoinsPANewsAINeutral

Read the original on PANews

The story so far: Circle USDC weekly supply changes

Circle's USDC circulating supply fell by roughly $500m to $72bn in the week to 22 October, with reserves at about $72.2bn. Issuance of about $12.7bn against redemptions of about $13.5bn then cut circulation by about 800m to 69.2bn in the week to 5 November, with reserves at about $70.5bn.

Headlines only, oldest first. Open a headline for the full update and the outlet it came from.

  1. Circle says USDC circulating supply fell by about 500 million in seven days

  2. USDC circulation falls about 800m tokens in seven days to 70bn

  3. Circle's USDC supply falls by about 800m in seven days to 69.2bn

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