USDC circulation has dropped sharply! The trend behind Circle cannot be ignored!
The latest data shows that Circle has issued about 2.7 billion USDC and redeemed 2.9 billion USDC in the past week, with a circulation reduction of 200 million. The market may face significant changes! The total circulation of USDC is currently 36.7 billion, and the reserve is 36.9 billion US dollars, including 4.4 billion in cash and 32.4 billion US dollars in Circle Reserve Fund.
What is the mystery behind this wave of large-scale redemptions? In the turbulent market, the liquidity problem of USDC has gradually surfaced. Is investor confidence affected?
Although Circle still maintains sufficient reserves, does the large-scale redemption mean that the market demand for stablecoins is fluctuating? In the short term, the liquidity pressure of USDC may become the focus of the market!
Grasp the pulse of the market, always pay attention to the flow of funds, and seize the opportunity! Pay attention to Uncle Qian, so that you can win in the volatility!
