Circle Issued $3.5 Billion USDC and Received $2.8 Billion Back in the Last Week

According to Foresight News, official data reveals that Circle issued approximately $3.5 billion USDC and redeemed $2.8 billion USDC in the last seven days, resulting in a net increase of $600 million in circulation. USDC's total circulation currently stands at $32.4 billion and its reserves stand at $32.6 billion. Approximately $4.2 billion of these reserves are cash, and the Circle Reserve Fund has approximately $28.4 billion.