PANews reported on August 16th that according to official data, in the seven days ending August 14th, Circle issued approximately 8.6 billion USDC and redeemed approximately 5.7 billion USDC, increasing the circulating supply by approximately 2.9 billion. The total circulating supply of USDC is 67.5 billion, with approximately $67.6 billion in reserves, including approximately $10.2 billion in cash and $57.4 billion in the Circle Reserve Fund.



Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more