Circle issued approximately 3.4 billion USDC in the past week and redeemed about 2.3 billion USDC, resulting in an increase of approximately 1.1 billion in the circulation of USDC. 💹

Currently, the total circulation of USDC has reached 42.4 billion, with reserves of approximately 43.7 billion dollars. Among these, cash reserves amount to 6.1 billion dollars, while the Circle reserve fund holds about 37.6 billion dollars. 💰

This data indicates that the market demand for USDC remains strong, while Circle also maintains sufficient reserves to support the issuance and redemption of its stablecoin. 🔄

In the context of volatility in the cryptocurrency market, such dynamics undoubtedly provide a degree of confidence to investors. 📊