Circle, a leading stablecoin issuance company, announced significant changes in the circulation of its flagship stablecoin USDC over the past week. According to PANews, by January 21, the circulation had decreased by a net 1.4 billion coins, reflecting active issuance and redemption operations. Since then, the circulation has continued to decline, reaching 70.1 billion USDC as of today.
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USDC in seven days: from 74.4 to 70.1 billion
Circle, a leading stablecoin issuance company, announced significant changes in the circulation of its flagship stablecoin USDC over the past week. According to PANews, by January 21, the circulation had decreased by a net 1.4 billion coins, reflecting active issuance and redemption operations. Since then, the circulation has continued to decline, reaching 70.1 billion USDC as of today.