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According to PANews, official data reveals that Circle issued approximately 3.2 billion USDC and redeemed around 2.2 billion USDC in the week ending April 17, resulting in a net increase of approximately 1 billion USDC in circulation. The total circulation of USDC now stands at 60.8 billion, backed by reserves of approximately 61 billion USD. This reserve includes around 7.7 billion USD in cash and approximately 53.3 billion USD held in the Circle Reserve Fund.
