USDC Supply Grows by 300M Tokens in a Week to 74.6B
- —Weekly USDC issuance was about 10.1 billion, redemptions about 9.8 billion
- —Circulating supply rose roughly 300 million to 74.6 billion tokens
- —Reserves stand at about $74.8 billion
- —Reserves include $41.2 billion in overnight reverse repos and $26.5 billion in T-bills under 3 months
Why it matters: Rising USDC supply signals fresh stablecoin liquidity and demand for crypto settlement.
Source: PANews