The circulation of USDC has increased by approximately 300 million in the past 7 days
As of the 7 days ending October 31, Circle issued approximately 2.4 billion USDC and redeemed about 2 billion USDC, increasing the circulation by about 300 million. The total circulation of USDC is about 34.7 billion, with reserves of approximately $34.9 billion, including around $4.3 billion in cash and an estimated $30.6 billion held in 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
From Shopify to Zoom: Meta (META.US) equips Muse with a complete toolbox for small businesses
Meta has launched the Muse AI agent for small businesses, which can be integrated with more than ten tools including Shopify and Stripe. Its stock price has increased by 25% in September.
Uncertainty clouds the US stock IPO market as smart ring manufacturer Oura (OURA.US) joins the ranks of delayed listings
Oura (OURA.US) has become the latest company to postpone its initial public offering (IPO) in the United States due to market uncertainty.
Scholastic to Acquire Cottage Door Press for $71 Million
Hypercharge Networks agrees to buy REVS Charging for up to USD 4.75 million
Crypto prices
More
