Circle USDC Update

According to PANews, Circle’s latest official data reveals that it issued approximately 1.7 billion USDC and redeemed about 2 billion USDC in the seven days leading up to October 24. This led to a net decrease of 300 million USDC in circulation, bringing the total to 34.4 billion USDC. Circle’s reserves now stand at around $34.6 billion, with approximately $4.1 billion in cash and $30.5 billion held within the Circle Reserve Fund.

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Disclaimer: This information is intended for educational purposes and should not be considered financial advice. Always verify with official sources.