💵 USDC Supply Expands by $2.6 Billion in a Week
Circle has reported a notable increase in USDC circulation over the past week. For the period ending February 12, approximately $8.4 billion USDC was issued, while around $5.8 billion was redeemed.
This resulted in a net increase of $2.6 billion USDC entering circulation, according to Odaily.
As of February 12:
Total USDC in circulation: ~$73.1 billion
Reserve assets backing USDC: ~$73.4 billion
The data highlights continued stablecoin activity and sustained demand in the broader crypto market.🌟🌟
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