Circle latest ledger revealed! Behind the leak of 1.1 billion—“capital undercurrents”: are institutions exiting, or brewing a bigger move?
Family, the compliance-focused stablecoin big shot Circle has just released its latest weekly reserve and circulation data. Once this ultra-transparent ledger came out, it directly exposed the core capital movements in both Wall Street and crypto circles!
Let’s first look at these hard-core numbers: this week, Circle minted (issued) approximately 6 billion USDC, but at the same time, it was redeemed by its major backers of roughly 7.1 billion USDC. Add one and subtract one—so the market’s net circulating amount dropped by about 1.1 billion USDC.
Right now, the total circulating supply of USDC across the entire network is 73.6 billion, while their total reserves are as high as 73.9 billion USD.
$AGLD $VELVET $MYX
Family, the compliance-focused stablecoin big shot Circle has just released its latest weekly reserve and circulation data. Once this ultra-transparent ledger came out, it directly exposed the core capital movements in both Wall Street and crypto circles!
Let’s first look at these hard-core numbers: this week, Circle minted (issued) approximately 6 billion USDC, but at the same time, it was redeemed by its major backers of roughly 7.1 billion USDC. Add one and subtract one—so the market’s net circulating amount dropped by about 1.1 billion USDC.
Right now, the total circulating supply of USDC across the entire network is 73.6 billion, while their total reserves are as high as 73.9 billion USD.
$AGLD $VELVET $MYX