USDC Circulation Drops by $600 Million in Late October

Circle’s official website reveals that USDC issuance saw a slight decline in the week ending October 30th, totaling approximately 5.1 billion coins. This was accompanied by redemptions reaching around 5.7 billion coins, resulting in a circulation decrease of roughly $600 million. As of October 30th, USDC’s total circulating supply reached approximately 75.9 billion coins, with its reserve assets valued at about $76.2 billion.