According to PANews, official data reveals that Circle issued approximately 3 billion USDC and redeemed around 2.1 billion USDC in the week ending January 2. This resulted in a net increase of about 900 million USDC in circulation. The total circulation of USDC stands at 44.3 billion, with reserves amounting to approximately 44.4 billion USD. Of these reserves, around 6.5 billion USD is held in cash, while the Circle Reserve Fund holds approximately 37.9 billion USD.
Circle's USDC Circulation Increases by 900 Million
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