TechFlow news, according to Nansen data, USDC has seen $1 billion in net redemptions since the closure of Silicon Valley Bank. Nansen reported that Circle redeemed approximately $1.6 billion worth of USDC on Friday, U.S. time, while minting volumes were far below redemption levels.
According to data from Circle's official website, as of March 9, U.S. time, the circulating supply of USDC was approximately 43.4 billion tokens, while CoinMarketCap data shows the current circulating supply is around 42.3 billion.Original link




