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DeFiLlama: Circle has burned a record ~$9B of its USDC stablecoin in the past 90 days, decreasing supply from $55.55B to $46.57B, as DeFi yields decline (Osato Avan-Nomayo/The Block)

Photo of Grace Will Grace Will October 6, 2022
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Osato Avan-Nomayo / The Block:

DeFiLlama: Circle has burned a record ~$9B of its USDC stablecoin in the past 90 days, decreasing supply from $55.55B to $46.57B, as DeFi yields decline  —  – The USDC supply has dropped about $9 billion since early July.  — This decline is due to an uptick in USDC redemptions for the U.S. dollar.



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