🔄 USDC Supply Drops by $800M in One Week Circle issued ~$2.9B and redeemed ~$3.7B USDC from May 8–15, shrinking total circulation by $800M. USDC supply now sits at $60.5B, backed by $60.7B in reserves—$7.3B in cash and $53.4B held in the Circle Reserve Fund. #USDC #Circle #Stablecoins #CryptoUpdate…
May 17, 2025 18