Circle Supply

Definition ∞ Circle Supply denotes the total quantity of a digital asset currently available for public trading and use. This metric specifically counts tokens accessible in the open market, excluding those held by issuers or locked within smart contracts. It represents the actual amount of a cryptocurrency that can be actively bought, sold, or utilized by participants. The figure dynamically adjusts due to various factors, including new token releases, burning events, and vesting schedules.
Context ∞ Discussions around Circle Supply frequently center on its impact on market liquidity and price stability, particularly for stablecoins. Regulatory bodies often scrutinize the transparency and auditability of underlying assets backing stablecoins, directly relating to the integrity of their stated supply. Future developments may involve more granular reporting requirements to ensure market participant confidence and adherence to financial standards.