Circle is actively swinging its finances like a bartender with a shaker: over the week, they issued $3.8 billion USDC, redeemed $2.9 billion, resulting in a net increase of $900 million in turnover. In total, the overall turnover of USDC now stands at an impressive $42.3 billion. Moreover, reserves slightly exceed this amount — $42.5 billion, so everything adds up.

Interestingly, $4.9 billion of these reserves is cash (yes, the real stuff, paper or in bank accounts), while the remaining $37.6 billion is comfortably settled in the Circle Reserve Fund. It's impressive how the company skillfully balances its reserves, demonstrating that a strong financial cushion truly backs their stablecoin.

Demand for the future: Can USDC dethrone Tether and take the top spot as the number one stablecoin? Or is it too early to write off Tether? Share your predictions in the comments! And subscribe to keep track of this exciting stablecoin race. 🔥