Circle Issues $3.5 Billion USDC and Redeems $2.8 Billion in Past Week

According to Foresight News, official data reveals that Circle has issued approximately $3.5 billion USDC and redeemed $2.8 billion USDC in the past seven days, resulting in a net increase of $600 million in circulation. The total circulation of USDC now stands at $32.4 billion, with reserves amounting to $32.6 billion. Of these reserves, around $4.2 billion is in cash, while the Circle Reserve Fund holds approximately $28.4 billion.