USDC circulation drops by 800M in a week as redemptions outpace issuance
- —Weekly issuance was about 970 million USDC versus 1.05 billion redeemed
- —Circulating supply fell by roughly 800 million tokens
- —Total USDC in circulation stands at 73 billion
- —Reserves total $73.2 billion, including $36.3 billion in overnight reverse repos
Why it matters: The decline in USDC supply signals capital leaving the stablecoin and softer demand for dollar liquidity across crypto markets.
Source: PANews