Data: The circulation of USDC has increased by about 5.5 billion in the past 7 days
PANews reported on January 25, according to official data, within the seven days up to January 23, Circle issued approximately 10.3 billion USDC and redeemed about 4.9 billion USDC, increasing the circulation by around 5.5 billion coins. The total circulation of USDC is about 51.9 billion coins with a reserve of approximately $52.1 billion USD, including roughly $6.1 billion in cash and an estimated $46.1 billion held in the 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.
You may also like
Former senior official of the Bank of Japan predicts that a rate hike in October is "a real possibility," with a very low probability of postponement until next year
A former executive director in charge of monetary policy at the Bank of Japan stated that the Bank of Japan may raise its benchmark interest rate for the second consecutive month at the October policy meeting, which would be earlier than most economists expect.
Falling Oil Could Trigger a 10% Stock Market Rally, Says Wall Street Strategist
Bitcoin falls below $84,000, down 0.32% in 24 hours.
Retail investors exit, institutions take over! Amid the US Treasury storm, "smart money" moves in instead of withdrawing: $18.4 billions in options capital flows into US stocks, AI remains the top choice.
The latest data shows that institutional investors are taking over as the main drivers of the US stock market.
Crypto prices
More
