Circle's USDC Circulation Increases by 300 Million

According to PANews, official data reveals that Circle issued approximately 3.8 billion USDC and redeemed around 3.4 billion USDC in the seven days leading up to February 13. This resulted in a net increase of about 300 million USDC in circulation. The total circulation of USDC now stands at 56 billion, with reserves amounting to approximately 56.2 billion USD. Of these reserves, around 6.8 billion USD is held in cash, while the Circle Reserve Fund holds approximately 49.4 billion USD.