According to PANews, official data reveals that Circle has issued approximately $3.9 billion in USDC over the past week, ending December 5. During the same period, around $3 billion in USDC was redeemed, resulting in a net increase of about $900 million in circulation.
The total circulation of USDC now stands at 40.2 billion tokens. Circle's reserves are reported to be approximately $40.6 billion, with $5.7 billion held in cash. The Circle Reserve Fund holds around $35 billion, ensuring the stability and backing of the USDC in circulation.
