According to PANews, official data reveals that Circle issued approximately 3.7 billion USDC and redeemed around 2.5 billion USDC in the week ending April 24, resulting in a net increase of 1.2 billion USDC in circulation. The total circulation of USDC now stands at 62 billion. Circle's reserves are reported to be around $62.3 billion, with $7.9 billion held in cash and approximately $54.4 billion managed by the Circle Reserve Fund.

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