USDC circulation increased by $800 million in the past week
According to official data, as of February 1, Circle issued approximately 2.4 billion USDC and redeemed over 1.5 billion USDC in the past 7 days, resulting in a circulation increase of 800 million USDC. The total circulation of USDC is 26.8 billion US dollars, with a reserve of 26.8 billion US dollars, of which 3.2 billion US dollars are in cash, and the Circle Reserve Fund holds 23.6 billion US dollars.
Circle donates $50,000 in USDC to PIFS Scholarship Program
Circle has announced a donation of $50,000 USDC to the Plan for International Financial Systems (PIFS) Scholarship Program. PIFS aims to enhance regulatory roles in building the global financial system and the program is designed to arrange training programs for financial regulatory agencies in developing economies in Africa, Eurasia, and Latin America.
50 million USDC are minted in the USDC Treasury
Whale Alert monitoring shows that approximately 50 million USDC were minted in the USDC Treasury about half an hour ago, worth $50,005,000.
Over 74 million USDC transferred to Coinbase Institutional
According to the blockchain data tracking service Whale Alert, at around 22:45 on January 31st Beijing time, an address starting with "0xf487" transferred 74,007,416 USDC to Coinbase Institutional via the Ethereum blockchain, worth approximately $74,081,424.
USDC circulation increased by $300 million in the past week
According to official data, as of January 25th, Circle issued 2.1 billion USDC and redeemed 1.8 billion USDC in the past 7 days, increasing the circulating supply by 300 million USDC. The total circulating supply of USDC is 25.9 billion USDC, with a reserve of 26 billion USDC, including 3.3 billion USDC in cash and 22.7 billion USDC held by the Circle Reserve Fund.
Binance transfers 300 million USDC to the address starting with 0xD615
Scopescan monitoring shows that Binance transferred 300 million USDC to address 0xD615, and the address received 0.01 ETH Gas from opensea user 0x3d24.
USDC Treasury minted nearly 80 million USDC at around 3:53 today
Whale Alert monitored that USDC Treasury minted nearly 80 million USDC today. Around 3:53 am today, 79,491,382 USDC was newly minted, worth about $79,547,026.
Circle CEO: International support for USDC minting and redemption expanded from 88 countries to 185 countries
On January 12th, it was announced by Jeremy Allarie, co-founder and CEO of stablecoin issuer Circle, on social media that international support for the minting and redemption of USDC has expanded from 88 countries to 185 countries.
USDC circulation increased by approximately $300 million in the past week
As of January 4th, Circle has issued a total of 2.3 billion USDC and redeemed approximately 2.1 billion USDC in the past 7 days, with circulating supply increasing by about 300 million USDC. The total circulating supply of USDC is 25.1 billion USDC, with a reserve of 25.1 billion USDC.
Circle's USDC Stablecoin Falls to $0.74 Amid Market Sell-Off Following Bitcoin ETF Doubts
Circle's stablecoin USDC experienced three drops to as low as $0.74 against its trading pair USDT on Binance, before quickly bouncing back to $1, due to a lack of liquidity to maintain its $1 peg. This occurred during a marketwide sell-off triggered by a report suggesting that the SEC may reject spot bitcoin ETF applications this month. The USDC/USDT pair has a skewed 2% market depth on Binance, with $26 million in orders stacked up to $1.02 and $6.1 million in orders stacked down to $0.98, meaning that a sell order larger than $6.1 million would cause the price to fall below $0.98. Over $500 million in derivative positions were liquidated following the report by Matrixport.
