reserve
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Circle Issued and Redeemed 700 Million and 1.1 Billion USDCs, Respectively, in the Past Week
According to reports, from April 20th to April 27th, Circle issued approximately 700 million USDCs and redeemed approximately 1.1 billion USDCs, resulting in a decrease of approxim
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Understanding the Recent USDC Circulation Trends
According to reports, official data shows that in the past 7 days, Circle has issued a total of $500 million in USDCs and redeemed $1.4 billion in USDCs, resulting in a decrease of
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The Mysterious Destruction of $101 Million in USDCs
On April 21st, according to WhaleAlert monitoring, at 2:15:23 Beijing time, 3101062793 USDCs (worth approximately $101179481) were destroyed in the USDC Treasury.
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USDC’s market share has decreased by more than $10 billion since March 10
It is reported that cryptocurrency investors are fleeing Circle\’s US dollar token (USDC) stable currency, with many turning to Tether, whose market share has reached a 22-month hig
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The USDC Reserve: Understanding Circle’s Management Method
On March 29th, Circle disclosed in a blog post \”the structure and management method of the USDC reserve.\”. According to the article, about 80% of the USDC reserves are short-term U
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Circle’s USDC Redemption and Decrease in Circulation
According to the official data of Circle, from March 10 to March 17, Circle issued a total of 2.2 billion USD of USDCs and redeemed 8.7 billion USD of USDCs, resulting in a decrease in circulation of approximately 6.5 billion USD. As of March 17, the total circulation of USDC was US $36.9 billion, and the reserve was US $37.1 billion, including US $8.1 billion in cash and US $29 billion in short-term US treasury bond bonds. USDC circulation decreased by $6.5 billion in the past week Analysis based on this information:Circle, a cryptocurrency exchange platform that issues the USDC stablecoin, has reported a significant decrease in the circulation of the USDC stablecoin. From March 10 to March 17, Circle issued a total of 2.2 billion USD worth of USDCs, whereas it redeemed 8.7 billion USD of USDCs, resulting in a net decrease of approximately 6.5 billion USD in circulation. The decrease in USDC circulation can be partially attributed to…
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Circle Ready to Fill USDC’s Reserve with External Capital
According to reports, Circle, the issuer of the USDC, issued a letter in response to the USDC\’s anchor withdrawal, saying that if the reserve of US $3.3 billion
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Circle’s USDC Stablecoin Circulation Hits $43.1 Billion
It is reported that, according to official data, from February 23 to March 2, Circle issued US $2.7 billion of USDC and redeemed US $1.7 billion of USDC, with …
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Klayton Foundation’s Proposal for a Sustainable and Verifiable KLAY Token Economy
According to the report, according to the official news, the proposal of \”building a sustainable and verifiable KLAY token economy\” put forward by the Klayton …
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USDC Dominates Coin Security’s Reserve
According to the report, according to the encryption analysis company Nansen, the proportion of USDC in the current reserve of nearly $3.372 billion of Coin Se…
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Tether Promises Zero Risk for USDT Holders
According to the report, Tether\’s official document \”Evolution of Tether Reserves\” pointed out that in 2022, Tether will reduce the risk of commercial paper to…