đž USDC on the Move! đž
Big week for Circle â and the numbers are looking extra stable for this stablecoin đđ”
đ Last 7 Days (before Nov 13):
USDC
1.0003
0.00%
6.4B USDC issued
6.3B USDC redeemed
âĄïž Net increase: +100M USDC in
circulation â
đȘ Total USDC supply: 75.4B
đŠ Total reserves: $75.6B
$9.5B in cash đ”
$66.2B in the Circle Reserve Fund đïž
Translation:
USDC is literally backed more than my weekend motivation đđȘ
Reserves > Supply = Stability mode activated.
Looks like Circle is keeping things clean, transparent, and fully loaded. đđ