Data: Since the closure of Silicon Valley Bank, USDC has seen a net redemption of 1 billion dollars

ChainCatcher news, according to Nansen data, since the closure of Silicon Valley Bank, USDC has experienced a net redemption of $1 billion. Nansen stated that Circle redeemed approximately $1.6 billion of USDC on Friday local time in the U.S., while the minting volume is far less than the redemption volume.

According to data from Circle's official website, as of March 9 local time in the U.S., the circulating supply of USDC was approximately 43.4 billion, while according to CoinMarketCap data, the current circulating supply of USDC is about 42.3 billion. (source link)