USDC supply shrinks by $500M in a week to $72.5B
- —Weekly USDC issuance was $10.9B versus $11.4B in redemptions
- —Circulating supply fell by $500M to $72.5B
- —Reserves total $72.7B, including $35.6B in overnight reverse repos
- —Another $25.8B sits in Treasuries maturing within three months
Why it matters: A contracting USDC supply points to capital leaving stablecoins and weaker demand for dollar liquidity across crypto markets.
Source: PANews