17-5-2025 – Circle, the issuer of the USDC stablecoin, has witnessed a notable contraction in its circulating supply over the past week. From 8 to 15 May, the company minted roughly 29 billion USDC tokens, yet redeemed a heftier sum of approximately 37 billion, yielding a net decline of 8 billion USDC in circulation. This shift has recalibrated the total volume of USDC to 605 billion coins, underscoring the fluid dynamics of the stablecoin’s market footprint.
Circle’s financial fortifications remain robust, with reserves totalling around $607 billion. Of this, $73 billion is held in liquid cash, while the lion’s share—$534 billion—resides in the prudently managed Circle Reserve Fund. These figures illuminate Circle’s strategic balancing act, as it navigates the ebb and flow of demand while maintaining a sturdy fiscal backbone, reflecting a broader narrative of adaptation in the ever-evolving stablecoin landscape.
