The Circulation of USDC Shows a Slight Decrease Amid Stable Issuance and Redemption
AI Summary
According to PANews, official data reveals that in the seven days leading up to June 12, Circle issued approximately 2.6 billion USDC and redeemed a similar amount, resulting in a net decrease of around 100 million USDC in circulation. The total circulation of USDC stands at 60.9 billion, with reserves amounting to approximately 61.2 billion dollars. This includes around 8.5 billion dollars in cash and 52.7 billion dollars held in the Circle Reserve Fund.
