USDC Circulation Declines by 1.1 Billion in Recent Week

According to PANews, official data reveals that Circle issued approximately 54 billion USDC and redeemed around 64 billion USDC in the week ending July 31, resulting in a net decrease of about 1.1 billion USDC in circulation. The total circulation of USDC stands at 63.9 billion, with reserves amounting to approximately 64.2 billion dollars. This reserve includes about 8.8 billion dollars in cash and 55.4 billion dollars held in the Circle Reserve Fund.