Circle's USDC Circulation Increases by $1.1 Billion in a Week

According to PANews, official data reveals that Circle issued approximately $3.4 billion USDC and redeemed around $2.3 billion USDC over the seven days ending December 26. This resulted in a net increase of about 1.1 billion USDC in circulation. The total circulation of USDC now stands at 42.4 billion, with reserves amounting to approximately $43.7 billion. Of these reserves, around $6.1 billion is held in cash, while the Circle Reserve Fund holds approximately $37.6 billion.