The circulating supply of USDC, the second-largest dollar stablecoin, fell by $4.08 billion over the past 30 days as holders redeemed tokens faster than new issuance. This decline indicates real money leaving the crypto ecosystem, reducing the immediate buying power in stablecoins. The US GENIUS Act now bans interest payments on holding stablecoins, possibly influencing redemptions. Meanwhile, smaller stablecoins issued by banks and payment firms gained supply, showing a shift in market preference. The reduced stablecoin supply could increase market volatility ahead of the US Federal Reserve's rate decision on October 28, 2026.
USDC's market cap on Pluang stands at Rp1.293,02 trillion as of Oct 28, 2026, 10:21 WIB, with a circulating supply of 71.2 billion tokens. Despite the recent $4.08 billion drop in supply noted in the news, USDC's price on Pluang has seen a modest 0.31% increase in the last day. Trading activity shows a strong sell bias at 81%, and typical hold time for USDC investors is 68 days, indicating cautious sentiment ahead of the US Federal Reserve's rate decision.
