According to PANews, official data reveals that Circle issued approximately 3.7 billion USDC and redeemed around 4.3 billion USDC in the week ending February 27. This resulted in a net decrease of about 600 million USDC in circulation. The total circulation of USDC stands at 55.5 billion, with reserves amounting to approximately 55.7 billion USD. Of these reserves, about 5.9 billion USD is held in cash, while the Circle Reserve Fund holds approximately 49.8 billion USD.

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