Contrary to the claim that $USDC circulation increased by $800 million in the past week, recent data indicates a decrease of approximately $800 million during that period. Specifically, Circle issued around $2.9 billion in USDC and redeemed about $3.7 billion, leading to a net reduction in circulation. As of May 15, 2025, the total $USD1 in circulation stood at approximately $60.5 billion, backed by reserves of about $60.7 billion, including $7.3 billion in cash and $53.4 billion held in the Circle Reserve Fund .
This decrease may reflect various market dynamics, such as shifts in investor sentiment, changes in demand for stablecoins, or broader trends in the cryptocurrency market. It's worth noting that, despite short-term fluctuations, USDC has experienced significant growth over the past year, with a reported 78% increase in circulation, largely driven by enterprise adoption and integration into payment platforms .
For real-time updates on $USDC
circulating supply and related financial metrics, you can refer to Circle's official reports or financial news platforms that track cryptocurrency markets.