23 hours ago
CoinRank
CONTENT
In the 7 days ending October 16, Circle issued around $7.6B USDC and redeemed $7.2B USDC, resulting in a net increase of $0.4B.
Total USDC supply now stands at $75.9B, fully backed by $76.1B in reserves — including $9.9B in cash and $66.2B held in the Circle Reserve Fund.
This modest uptick reflects steady institutional and DeFi demand amid ongoing stablecoin market rotation.
WRITER’S INTRO
