USDC Circulation Drops by 900 Million in Recent Week

Recent data from PANews reveals a significant decrease in USDC circulation, as approximately 3.2 billion USDC were issued and redeemed during the week ending April 10th, resulting in a net reduction of about 900 million USDC. This brings the total circulation of USDC to 59.8 billion, with reserves totaling around 60 billion dollars. Notably, these reserves include approximately 6.7 billion dollars in cash and 53.3 billion dollars held within Circle’s Reserve Fund.