USDC Circulation Sees Slight Decline Amid Stable Issuance and Redemption

According to PANews, official data reveals that in the seven days leading up to June 12, Circle issued approximately 2.6 billion USDC and redeemed a similar amount, resulting in a net decrease of around 100 million USDC in circulation. The total circulation of USDC stands at 60.9 billion, with reserves amounting to approximately $61.2 billion. This includes about $8.5 billion in cash and $52.7 billion held in the Circle Reserve Fund.