Circle Issues 2.5 Billion USDC, Increases Circulation by 700 Million

According to PANews, official data reveals that Circle issued approximately 2.5 billion USDC and redeemed around 1.8 billion USDC within the seven days leading up to September 26. This activity resulted in a net increase of 700 million USDC in circulation. The total circulation of USDC now stands at 36.2 billion, with reserves amounting to approximately $36.5 billion. Of these reserves, around $4.8 billion is held in cash, while the Circle Reserve Fund holds approximately $31.6 billion.