According to PANews, official data reveals that Circle issued approximately 3.3 billion USDC and redeemed around 2.6 billion USDC in the week ending July 10. This activity resulted in a net increase of about 700 million USDC in circulation. The total circulation of USDC now stands at 62.7 billion, with reserves amounting to approximately $62.9 billion. Of these reserves, around $9.2 billion is held in cash, while the Circle Reserve Fund holds about $53.7 billion.

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