Circle has removed about 3.9B USDC from the circulating supply since last Friday, with the current circulating supply at 39.5B USDC, Messari data shows. Circle has still minted new coins but fewer than it burned. _jocelynyang_ reports
). Curve and Uniswap V3 processed nearly $6 billion in volume of the USDC-USDT pairing, Kaiko’s report showed.
Kaiko Research Analyst Riyad Carey told CoinDesk via Twitter message that concerns about USDC will “hang over markets for a long time.” On Monday, in a weekly newsletter, Jeff Dorman, chief investment officer at digital asset investment firm Arca, wrote that “likely one-fourth or half of USDC assets under management” – worth around $10-$20 billion – will be redeemed. He also suggested that USDC could rebound.
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