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USDC circulation increased by US$1.2 billion in the past week, with total circulation reaching US$31.8 billion

As of March 21, Circle issued a total of 4.4 billion USDC and redeemed 3.1 billion USDC in the past 7 days, with an increase in circulation of 1.2 billion USDC. The total circulation of USDC is 31.8 billion US dollars, with a reserve of 31.9 billion US dollars, of which about 4.9 billion US dollars are in cash, and the Circle Reserve Fund holds about 27 billion US dollars.

Circle issues an additional 50 million USDC on the Ethereum chain

According to Whale Alert monitoring, at 16:08:23 Beijing time, Circle increased the issuance of 50,000,000 USDC on the Ethereum blockchain.

USDC Treasury destroyed 50 million USDC about 50 minutes ago

According to Whale Alert monitoring, USDC Treasury destroyed 50 million USDC at around 21:51 on March 18th Beijing time, as reported by DeepChain TechFlow.

USDC circulation increased by 1.3 billion in the past 7 days

In the past seven days as of March 14th, Circle has issued 3.5 billion USDC and redeemed 2.2 billion USDC, resulting in an increase of 1.3 billion in circulation. The total circulation of USDC is 30.5 billion US dollars, with a reserve of 30.7 billion US dollars, including 4.1 billion US dollars in cash, and the Circle Reserve Fund holds 26.6 billion US dollars.

Robinhood Crypto Lists USDC in Select EU Jurisdictions

Robinhood Crypto EU announced on X platform that USDC has been launched in selected EU jurisdictions.

Over 53 million USDC were minted in the USDC Treasury

Whale Alert monitoring data shows that around 16:30 Beijing time, 53,362,974 USDC coins were minted in USDC Treasury, worth $53,349,634.

The market capitalization of USDC returned to above US$30 billion, setting a record since May 2023

According to Coingecko data, the market value of USDC has returned to above $30 billion, reaching a record high since May 15, 2023, with a value of $30,057,019,111 at the time of writing, as reported by Jinse Finance.

As of March 7, the total circulating supply of USDC was US$29.3 billion.

As of March 7th, Circle issued a total of 2.6 billion USDC and redeemed 2 billion USDC in the past 7 days, increasing its circulation by 600 million USDC. The total circulation of USDC is 29.3 billion US dollars, with a reserve of 29.3 billion US dollars, of which about 3.6 billion US dollars are in cash and Circle Reserve Fund holds about 25.8 billion US dollars.

After the adjustment in February, the transaction volume on the stablecoin chain dropped significantly, falling to US$632.4 billion, a decrease of nearly 15%.

According to data from The Block Pro, the stablecoin on-chain transaction volume decreased significantly by 14.8% to $632.4 billion in February after the adjustment. The market share of the US dollar stablecoin USDT was 76%, which decreased after four consecutive months of growth, while the market share of USDC slightly increased to 19.2%. In addition, the total on-chain transaction volume of Bitcoin and Ethereum increased by 3.2% to $369 billion after last month's adjustment, with Bitcoin's on-chain transaction volume slightly decreasing by 0.6% and Ethereum's on-chain transaction volume increasing by 9.2%.

USDC circulation increased by 700 million in the past 7 days

According to official data, within the 7 days ending on February 29th, Circle issued 2 billion USDC and redeemed 1.3 billion USDC, increasing the circulating supply by 700 million. The total circulating supply of USDC is 28.7 billion US dollars, with a reserve of 28.8 billion US dollars, including 3.3 billion US dollars in cash and 25.5 billion US dollars held by the Circle Reserve Fund.