USDC circulation dropped by $100 million in the past week
According to official data, as of February 22, Circle issued approximately $1.1 billion USDC and redeemed over $1.2 billion USDC in the past 7 days, reducing the circulation by $100 million. The total circulation of USDC is $28 billion, with a reserve of $28.1 billion, of which $2.9 billion is in cash and Circle Reserve Fund holds $25.2 billion.
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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