USDC Circulating Supply Drops by $1.1B in One Week
As of July 31, USDC saw a net circulation drop of $1.1 billion. Circle issued approximately $54B while redeeming around $64B in the past week. The total USDC in circulation now stands at $63.9B, backed by $64.2B in reserves—$8.8B in cash and $55.4B held in the Circle Reserve Fund.
