🚨 USDC Circulating Supply Falls by $1.3B in One Week 🚨
USDC supply contracted by approximately $1.3 billion over the week ending January 21, according to WuBlock data. During the period, around $4.8B USDC was issued, while $6.2B was redeemed, resulting in a net decline in circulation.
As of January 21, USDC circulation stood at $74.4B, backed by $74.5B in reserve assets, indicating reserves continue to slightly exceed supply.
The net redemption suggests cooling short-term demand for USDC, potentially reflecting shifts in risk appetite, capital rotation, or reduced onchain activity, factors closely watched by markets for liquidity signals across crypto.
This article is for informational purposes only, not investment advice.
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