USDC supply shrinks by 8 billion as redemptions outpace minting, Circle maintains $607B in reserves

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 [. source: https://www.cointrackdaily.com/usdc-supply-shrinks-by-8-billion-as-redemptions-outpace-minting-circle-maintains-607b-in-reserves/