USDT and USDC total supply increased by nearly $3 billion in a week
The total supply of the two stablecoins Tether (USDT) and Circle (USDC) has increased by nearly $3 billion in a week. This indicates that investors have been buying cryptocurrencies at lower prices since the crash on Monday, August 5th.On-chain data shows that since Monday, Tether has transferred $1.3 billion worth of USDT to exchanges and market makers. With the latest issuance, the market capitalization of USDT has risen to over $115 billion, a new all-time high.Meanwhile, according to TradingView data, the market capitalization of the second largest stablecoin USDC has also increased by about $1.6 billion this week, reaching $34.5 billion, the highest level since March 2023.In addition, according to DefiLlama data, in the four days after the Monday crash, Binance's USDT deposits exceeded $1.5 billion, and USDC deposits exceeded $820 million.
USDC circulation increased by about $1.6 billion in the past week, and the total circulation rose to $34.5 billion
According to official data, as of August 8, Circle issued approximately 3.9 billion USDC and redeemed approximately 2.3 billion USDC in the past 7 days, with a circulation increase of approximately 1.6 billion USDC.The total circulation of USDC is 34.5 billion US dollars, and the reserve is 34.6 billion US dollars, of which cash is about 4.5 billion US dollars, and the Circle Reserve Fund holds about 30.1 billion US dollars.
USDC circulation increased by about 200 million in the past week
According to official data, Circle issued approximately 2.1 billion USDC and redeemed approximately 2.3 billion USDC in the seven days leading up to July 18th, resulting in a net increase in circulation of approximately 200 million USDC. The current total circulation of USDC is 33.6 billion US dollars, with a reserve of approximately 33.8 billion US dollars, including 4.1 billion US dollars in cash and 29.7 billion US dollars held by the Circle Reserve Fund.
USDC circulation increased by about 200 million in the past week
According to official data, Circle issued about 2.1 billion USDC and redeemed about 2.3 billion USDC within the 7 days ending on July 18th, resulting in a net increase of about 200 million USDC in circulation. The current total circulation of USDC is 33.6 billion US dollars, with a reserve of about 33.8 billion US dollars, including 4.1 billion US dollars in cash and Circle Reserve Fund holding 29.7 billion US dollars.
USDC Treasury mints 250 million new USDC on Solana network
According to Whale Alert monitoring, about 3 hours ago, USDC Treasury added 250 million USDC newly minted on the Solana network.
A whale bought 11.83 million MIGGLES this morning, and currently has a floating profit of $142,000
During the period of 08:52-09:55 this morning, a whale with the address 0x3b5...fe4E9 spent a total of 1.13 million US dollars to buy 11.83 million MIGGLES at an average price of 0.0959 US dollars, pushing the coin price up by 36% in the short term. Currently, the whale has a floating profit of 142,000 US dollars, as monitored by on-chain analyst @ai_9684xtpa.
A whale added 5.84 million MIGGLES unilateral liquidity to USDC/MIGGLES
As monitored by ai_9684xtpa, this morning, two minutes ago, the whale 0x3b5...fe4E9 added 5.84 million MIGGLES of unilateral liquidity to USDC/MIGGLES, worth $610,000.
USDC Treasury mints 250 million new USDC on Solana network
According to Whale Alert monitoring, USDC Treasury added 250 million USDC to the Solana network about 3 hours ago.
USDC circulation decreased by about $200 million in the past week, and the total circulation dropped to $33.6 billion
As of July 18th, Circle has issued about 2.1 billion USDC and redeemed about 2.3 billion USDC in the past 7 days, resulting in a decrease in circulation of about 200 million USDC. The total circulation of USDC is 33.6 billion US dollars, with a reserve of 33.8 billion US dollars, including about 4.1 billion US dollars in cash and Circle Reserve Fund holding about 29.7 billion US dollars.
USDC circulation increased by about 1 billion in the past 7 days
On July 13th, according to official data, within the 7 days ending on July 11th, Circle issued about 3.6 billion USDC and redeemed about 2.6 billion USDC, with a circulation increase of about 1 billion. The total circulation of USDC is 33.9 billion US dollars, with a reserve of about 34 billion US dollars, including 4.3 billion US dollars in cash, and the Circle Reserve Fund holds 29.6 billion US dollars.
