KoinlyticsCIRCLE news
Stablecoin Supply Fell to $307B While Tether Booked $1.5B and Halved Its Own Buffer
Total stablecoin supply dropped to roughly $307.5 billion by August 2, with USDT at $183.2 billion and USDC at $72.1 billion, both below spring peaks. Tether reported $1.5 billion of Q2 operating profit while its excess reserve buffer fell from $8.23B to $4.11B.
Circle Gets OCC Trust Charter as USDC Hits 70 Percent of Stablecoin Volume
Circle received its OCC national trust bank charter on July 10, and USDC now runs 70 percent of adjusted stablecoin transaction volume, widening its lead over USDT for the first time in years.
500M USDC Minted On Solana Pushes Stablecoin Supply Past 8B
Circle minted 500 million USDC on Solana on July 14 in two 250 million tranches, pushing native USDC supply above 8 billion and reinforcing Solana's spot as the second-largest USDC chain.
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