Circle's USDC stablecoin supply fell by $800 million in the week ending October 29, marking the second consecutive weekly decline. Redemptions of $11.7 billion exceeded new issuances of $10.9 billion, reducing the total USDC circulation to $70 billion. Despite the outflows, Circle's reserves remain above the circulating supply, maintaining the 1:1 backing of USDC tokens. The decline affects Circle's revenue, which depends on interest earned from reserves, and investors are watching upcoming reports to see if this trend continues or reverses.
Circle's USDC stablecoin saw a supply drop of $800 million, with redemptions of $11.7 billion exceeding new issuances. For readers following cryptocurrency markets, here is Pluang's snapshot as of Nov 01, 2026 04:41 WIB: 33 out of 50 major cryptocurrencies rose today. Notable movers include LINK at Rp213.892 (+5.11%), AAVE at Rp2.425.294 (+4.67%), and THETA at Rp2.932 (+2.88%).
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