USDC Circulation Declines by 900 Million in Recent Week

According to PANews, official data reveals that in the week ending April 10, Circle issued approximately 3.2 billion USDC and redeemed around 4.1 billion USDC, resulting in a net decrease of about 900 million USDC in circulation. The total circulation of USDC stands at 59.8 billion, with reserves amounting to approximately 60 billion dollars. This reserve includes about 6.7 billion dollars in cash and 53.3 billion dollars held in the Circle Reserve Fund.