**Circle's USDC Circulation Experiences Notable Decline**
According to PANews, official data indicates that Circle issued approximately 3.7 billion USDC while redeeming around 4.3 billion USDC during the week ending February 27. This led to a net decrease of about 600 million USDC in circulation. Currently, the total USDC supply stands at 55.5 billion, backed by reserves of approximately 55.7 billion USD. These reserves include around 5.9 billion USD in cash, while the Circle Reserve Fund holds approximately 49.8 billion USD.
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