USDC stablecoin circulation fell by about 500 million tokens over the past week, marking the second consecutive week of decline. Circle issued 12.8 billion USDC but redeemed 13.3 billion, leading to a net reduction in tokens. At the end of the period, Circle's reserves stood at approximately $72.2 billion, including significant holdings in short-term Treasury securities. This trend suggests cautious investor behavior or shifting demand for USDC in the market.
USDC stablecoin supply dropped by about 500 million tokens over the past week, a notable contraction in its circulation. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 24, 2026 22:21 WIB: out of 50 major cryptocurrencies priced on Pluang, only 3 rose while 46 fell. Among notable movers, AAVE was priced at Rp2.429.261 with a 1-day change of -8.72% and a Pluang order activity of 31% Sell / 69% Buy; DOT stood at Rp18.666, down 8.62%, with 48% Sell / 52% Buy; and SNX was at Rp3.535, down 8.42%, with 0% Sell / 100% Buy.
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