š USDC has been issued for 7 consecutive days, and the circulation volume has soared by 700 million! š
According to the latest data from Circle, in the past 7 days as of September 26, the issuance of USDC reached an astonishing 2.5 billion, while the redemption volume was 1.8 billion, which means that the circulation volume increased by 700 million US dollars at once!
Now, the total circulation of USDC has reached 36.2 billion, and the reserve volume is also quite strong, about 36.5 billion US dollars. Among them, the cash reserve is about 4.8 billion US dollars, and the share held by Circle Reserve Fund is as high as 31.6 billion US dollars.
š Viewpoint:
Such an increase in issuance speed undoubtedly shows the strong demand for stablecoins in the market. As one of the mainstream stablecoins, the increase in the circulation of USDC is a positive signal for the stability and liquidity of the entire cryptocurrency market.
But at the same time, there are also voices worrying that the rapid growth of stablecoins may bring regulatory uncertainty.
š¬ What do you think of this wave of USDC issuance? Is it a true reflection of market demand, or a hidden worry about future regulation? Will this bring new development opportunities to the cryptocurrency market? Leave your thoughts in the comments section!
