Circle's USDC Circulation Increases by $5.5 Billion in One Week

According to PANews, official data reveals that Circle issued approximately 10.3 billion USDC and redeemed around 4.9 billion USDC in the week ending January 23. This activity resulted in a net increase of about 5.5 billion USDC in circulation. The total circulation of USDC now stands at 51.9 billion, with reserves amounting to approximately $52.1 billion. Of these reserves, around $6.1 billion is held in cash, while the Circle Reserve Fund holds approximately $46.1 billion.