As of October 9th, Eastern Time, the total circulating supply of USDC has increased by approximately 1.3 billion compared to a week ago.
According to Jinse Finance, citing official data from Circle, from October 3 to October 9 Eastern Time, Circle issued approximately 6.8 billion USDC and redeemed about 5.5 billion USDC, resulting in a net increase of around 1.3 billion USDC in circulation. As of October 9, the total USDC in circulation was about 75.5 billion, with reserves of approximately 75.6 billion US dollars.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI shifts from “reason for rate cuts” to “argument for rate hikes”: Cook says only a small portion of the 2 trillion dollars capital expenditure is spent, and electricity and water prices have increased by about 5%.
Federal Reserve Governor Cook pointed out that the substantial capital expenditures for AI will continue to intensify price pressures, while the wealth effect in the stock market driven by AI is also stimulating consumption. She believes that the productivity gains from AI will bring about a moderate easing of inflation in the coming years, but this alone will not be enough to offset the mounting inflationary pressures expected later this year.
Casa Minerals closes C$1.5 million flow-through private placement tranche
BUZZ - Navitas shares surge as it secures US Army-backed semiconductor project
Crypto prices
More
