USDC Circulation Increases by 2.6 Billion in One Week

Circle's website reports that in the week ending February 12, approximately 8.4 billion USDC were issued, while about 5.8 billion were redeemed. According to Odaily, this resulted in a net increase of around 2.6 billion USDC in circulation. As of February 12, the total circulation of USDC stood at approximately 73.1 billion, with reserve assets valued at around 73.4 billion USD.