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.
The rejection of ETF applications by the SEC caused a knee-jerk reaction but the shallow fall in Bitcoin and several altcoins suggests that lower levels are attracting buyers.
Binance Australia head Ben Rose claimed the exchange got less than a day's warning from its payments partner before it was "cut off" from the local banking system in May.
Binance Australia head Ben Rose claimed the exchange got less than a day's warning from its payments partner before it was "cut off" from the local banking system in May.