USDC Supply Dips by $100 Million in the Past Week

IconCryptoNewsTerminal Staff30 Aug, 2024

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USDC Supply Dips by $100 Million in the Past Week

With $2.5 billion minted and $2.6 billion burned, the total supply of USDC has decreased by $100 over the last seven days, according to figures from Circle, the issuer of the stablecoin. As of August 29 (local time), the circulating supply sat at $34.6 billion. This comes as part of a wider trend that has seen USDC's reserves increase to $34.8 billion. This figure includes $3.9 billion in cash.