Definition ∞ USDC circulation represents the total quantity of USD Coin stablecoins actively held and transacted across various blockchain networks. This metric reflects the supply of USDC available in the market at any given time. It serves as a key indicator of stablecoin adoption and liquidity within the broader digital asset ecosystem.
Context ∞ Fluctuations in USDC circulation are closely monitored by market participants as they can signal shifts in capital flows between fiat and digital assets. An increase often suggests demand for a stable store of value or greater activity in decentralized finance protocols. Conversely, a decrease may indicate capital exiting the crypto market or a preference for alternative stablecoins. These movements provide insights into market sentiment and liquidity dynamics.
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