USDC Circulation Increases by 500 Million in Recent Week

According to PANews, official data reveals that Circle issued approximately 3.8 billion USDC and redeemed around 3.3 billion USDC in the week ending April 3. This activity resulted in a net increase of about 500 million USDC in circulation. The total circulation of USDC now stands at 60.8 billion, with reserves amounting to approximately 60.9 billion USD. Of these reserves, around 7 billion USD is held in cash, while the Circle Reserve Fund holds approximately 53.9 billion USD.