USDC liquidity has decreased by $300 million over the past week
According to official data, Circle has issued $800 million USDCs and redeemed $1.1 billion USDCs over the past seven days, reducing liquidity by approximately $300 million.
As of June 15, USDC total liquidity was $28.2 billion, with reserves of $28.3 billion, including $3.5 billion in cash and $24.8 billion in overnight repurchase agreements.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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