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USDC circulation drops $3.1B as redemptions outpace new issuance, standing at $70B.

Protocol Fundamentals
01 Nov 2026, 02:39 WIB
Tokenpost
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USDC circulation drops $3.1B as redemptions outpace new issuance, standing at $70B.

USD Coin (USDC) circulation decreased by $3.1 billion over the 30 days ending October 29, with redemptions totaling $51 billion exceeding new issuance of $47.9 billion. This brought total USDC circulation down to $70 billion. Despite the drop, Circle reported total reserves of $71.4 billion, slightly above the circulating amount, indicating full backing of the stablecoin. The 30-day figures represent a rolling period and do not detail weekly changes in circulation.

USD Coin (USDC) circulation fell by $3.1 billion over the 30 days ending October 29, with total circulation now at $70 billion. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Nov 01, 2026 06:51 WIB: out of 50 major cryptocurrencies, 23 rose and 26 fell today. Notable movers include SXP (Solar) down 46.27% at Rp37 with a typical hold time of 94 days, BAL (Balancer) up 11.14% at Rp16,297 with a hold time of 85 days, and BAT (Basic Attention Token) up 9.89% at Rp2,590 with 99% buy order activity and a hold time of 93 days.

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