Circle's USDC Circulation Growth Amid Recent Issuance and Redemption

According to PANews, official data reveals that Circle issued approximately 3.6 billion USDC and redeemed about 3.3 billion USDC in the week leading up to June 19, resulting in a net increase of approximately 300 million USDC in circulation. The total circulation of USDC currently stands at 61.2 billion. Circle's reserves are reported to be around 61.6 billion USD, with 8.4 billion USD held in cash and approximately 53.3 billion USD in the Circle Reserve Fund$USDC