Circle's USDC Circulation Increases by $500 Million in Recent Week

According to PANews, official data reveals that Circle issued approximately 4.8 billion USDC and redeemed around 4.3 billion USDC in the week ending July 24, resulting in a net increase of 500 million USDC in circulation. The total circulation of USDC now stands at 65 billion, with reserves amounting to approximately $65.2 billion. This reserve includes about $8.9 billion in cash and $56.3 billion held in the Circle Reserve Fund.