USDC Circulation Grows by 1.2 Billion This Week
According to PANews, Circle, the company behind USDC, made about 3.7 billion new USDC coins and took back around 2.5 billion USDC in the week ending April 24. This means there are 1.2 billion more USDC coins now. In total, there are 62 billion USDC coins in circulation. Circle also has $62.3 billion in reserves to back the coins, with $7.9 billion in cash and $54.4 billion managed through the Circle Reserve Fund.