USDC's market capitalization has declined by 5.25% in the past month, indicating continued contraction in stablecoin purchasing power. As of October 28th, USDT's market capitalization was approximately $181.783 billion, a decrease of 1.06% over the past 30 days. USDC's market capitalization was approximately $71.284 billion, a more significant decrease of 5.25% over the same period. As of October 26th, Circle issued $44.5 billion worth of USDC in the past 30 days, while redeeming $48.7 billion, resulting in a net decrease in circulating supply of $4.2 billion. In the last 7 days, redemptions also exceeded issuances, leading to a net decrease in circulating supply of approximately $1 billion. USDC will be used more extensively in the cryptocurrency space, so USDC issuance and redemptions mean that some funds previously on-chain have exited USDC, putting pressure on available purchasing power in the market. In simpler terms, it lowers the maximum purchase limit for cryptocurrencies. @Gate, trading more markets.