In the week ending July 24, Circle issued 4.8B USDC and redeemed 4.3B, leading to a net increase of 500M USDC in circulation! ๐ธ
๐น Total USDC in circulation: 65B
๐น Backing reserves: $65.2B
โช๏ธ $8.9B in cash
โช๏ธ $56.3B in the Circle Reserve Fund
๐ฅ Stablecoins showing strength as market activity heats up!
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