In the most recent update on the stablecoin market, Circle has made considerable modifications to its USDC issuance and redemption process. At the same time, Tether appears to be cementing its dominance—especially on the TRON network. For the past week, Circle issued around $3.7 billion in USDC, while redeeming about $4.3 billion of the same. The net effect: a reduction of approximately $600 million in the total amount for the USDC. Meaning, right now, there’s a reported $55.5 billion in circulation with USDC. Meanwhile, it’s business as usual for Tether, with operations on the TRON network looking especially robust. Circle’s
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