USDC Circulating Supply Drops 1.4% as Weekly Redemptions Exceed Issuance

USDC saw a net outflow of ~$1B in the week ending July 30, with redemptions of $7.2B outweighing $6.2B issuance. Total supply stands at $71.8B against $71.9B reserves.

Woofun AI data shows that USDC circulating supply contracted by approximately 1 billion tokens during the week concluding on July 30. This reduction stems from 7.2 billion tokens being redeemed against 6.2 billion newly issued. As of July 30, the total circulating supply reached roughly 71.8 billion, supported by reserve assets valued at approximately 71.9 billion US dollars.