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

NewsFeeds update

Circle issued about 10.9bn USDC and redeemed about 11.7bn in the seven days to 29 October, cutting circulation by about 800m tokens to 70bn. Reserves stood at about $71.4bn, including $32.9bn in overnight reverse Treasury repos and $27.5bn in Treasuries maturing within three months.

StablecoinsOdailyAINeutral

Read the original on Odaily

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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