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Manish Kumar
@manishk465
Thread: USDC Circulation Sees Major Growth 🚀 1/ USDC Circulation Jumps by $5.5 Billion 💵 Circle issued $10.3B USDC and redeemed $4.9B USDC last week, resulting in a net increase of $5.5B in circulation (as of Jan 23). 2/ Current Circulation Stands at $51.9B 🔥 This marks a strong demand for USDC, underlining its role as a trusted stablecoin in the crypto ecosystem. 3/ Reserves Backed by $52.1B $6.1B in cash $46.1B in the Circle Reserve Fund Circle ensures full backing, maintaining confidence in its 1:1 peg. 4/ What's Driving This Growth? This surge highlights growing adoption in DeFi, payments, and institutional use cases. USDC remains a cornerstone of the stablecoin economy. 5/ Looking Ahead 🌍 With a total circulation of $51.9B and robust reserves, USDC continues to solidify its position in the crypto space. #Stablecoins #USDC #CryptoAdoption
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