Circle Issues 2.4 Billion USDC, Redeems 2 Billion USDC in Late October

According to PANews, official data reveals that Circle issued approximately 2.4 billion USDC and redeemed around 2 billion USDC in the seven days leading up to October 31. This activity resulted in a net increase of about 300 million USDC in circulation. The total circulation of USDC stands at 34.7 billion, with reserves amounting to approximately 34.9 billion dollars. Of these reserves, around 4.3 billion dollars are held in cash, while the Circle Reserve Fund holds approximately 30.6 billion dollars.