The circulation of USDC decreased by 200 million dollars in the past week, with a total circulation of 33.1 billion dollars

Bitget2024/05/04 03:15

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

According to official data, Circle issued a total of 2.8 billion USDC in the past seven days and redeemed about 3 billion USDC, reducing the circulation by approximately 200 million dollars. The total circulation of USDC is 33.1 billion dollars, with reserves amounting to 33.2 billion dollars, including around 3.4 billion dollars in cash and approximately 29.8 billion held by Circle Reserve Fund.

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.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Circle Internet Group partnered with SAP-backed Tereina to integrate USDC and EURC into Tereina’s payments infrastructure, starting with SAP Cloud ERP. Integration targets enterprise workflows via SAP Pay, letting eligible SAP customers send or receive stablecoin payments inside existing applications. USDC will be used for USD-denominated workflows; EURC will support euro-denominated activity. Companies plan joint proof-of-value programs with customers over coming months to drive enterprise stablecoin adoption. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Circle Internet Group Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202610070800BIZWIRE_USPR_____20261007_BW669028) on October 07, 2026, and is solely responsible for the information contained therein.

Bitget•2026/10/07 12:02