Jeremy Allaire, co-founder and CEO of Circle, said on social media that the on-chain economy is coming. Ideas that seemed far-fetched a few years ago can now be clearly explained with the technology and newly emerging clear regulatory foundations we have today. The internet financial system has arrived.
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Jeremy Allaire: On-chain economy is coming
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USDC circulation decreased by $200 million in the past week, with a total circulation of $33.1 billion
According to official data, Circle issued a total of 2.8 billion USDC and redeemed approximately 3 billion USDC in the past 7 days, resulting in a decrease in circulation of approximately 200 million USDC. The total circulation of USDC is 33.1 billion US dollars, with a reserve of 33.2 billion US dollars, including approximately 3.4 billion US dollars in cash, and Circle Reserve Fund holding approximately 29.8 billion US dollars.
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