According to PANews, official data reveals that Circle has issued approximately 3.7 billion USDC and redeemed around 2.6 billion USDC in the past week, ending March 13, 2025. This activity has resulted in an increase of about 1.1 billion USDC in circulation. The total circulation of USDC now stands at 58.3 billion, supported by reserves amounting to approximately $58.5 billion. These reserves include around $7.4 billion in cash and $51.1 billion held in the Circle Reserve Fund.
Circle Reports Increase in USDC Circulation Amid Recent Issuance and Redemption Activity
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