#BNBChainMeme热潮 Haha, Circle is also quite "aggressive" this time, first releasing 3.6 billion USDC, and then redeeming 2.6 billion, resulting in a net circulation increase of 1 billion. Looking at this method, doesn't it seem a bit like secretly injecting some money into the market without showing all the cards, keeping some in reserve? The total circulation of USDC is now 59.2 billion, with reserves of about 59.5 billion USD, of which 7.2 billion is cash, and the remaining 52.3 billion is in the "Circle Reserve Fund", essentially using these reserves to stabilize the market. You can see, it can basically maintain the "face" of these USDC, in other words, providing a stable "backing" for users who want to trade.

As for the impact on altcoins, this operation is actually quite interesting. The supply of USDC has increased, and funds are flowing, many people might transfer these USDC to other markets, which could bring some "washing" opportunities for altcoins. With more USDC, altcoin trading volume might also increase, especially for those altcoins that rely heavily on stablecoins. The problem is, if the market can see clearly the flow of these funds, the volatility of altcoins may not be able to escape the trend of "large funds" following.

The market is making big moves in a "follow the trend" manner, altcoins might take the opportunity for short-term volatility, but whether they can benefit in the long run depends on how the funds flow.