📈 Circle's USDC circulation increases by 900 million dollars 🌐
Official data shows that Circle issued 3.8 billion dollars in USDC and redeemed 2.9 billion USDC in the last seven days, resulting in a net increase of 900 million USDC in circulation. The total circulation of USDC is now 42.3 billion dollars, backed by reserves of 42.5 billion dollars.
This growth is significant as it reflects confidence in USDC as a reliable and transparent stablecoin. Circle's reserves, which include 4.9 billion dollars in cash and 37.6 billion dollars in the Reserve Fund, ensure the financial strength and stability of the token.
The increase in USDC circulation indicates greater adoption and confidence in the stablecoin.
Circle's robust reserves support the stability and transparency of USDC.
This growth strengthens USDC's position in the cryptocurrency market and increases its appeal to investors and users.
This increase in USDC circulation reinforces its role as one of the most reliable and widely used stablecoins in the cryptocurrency ecosystem. 📊 #Criptomonedas
