According to PANews, official data reveals that Circle issued approximately 4.3 billion USDC and redeemed around 3.5 billion USDC in the week ending May 22. This activity resulted in a net increase of about 800 million USDC in circulation. The total circulation of USDC now stands at 61.3 billion, with reserves amounting to approximately 61.5 billion USD. These reserves include around 8.1 billion USD in cash and about 53.5 billion USD held in the Circle Reserve Fund.

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