USDC Circulation Increases by 700 Million in Recent Week

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.