Circle's USDC Circulation Increases by $900 Million

According to PANews, official data reveals that Circle issued approximately $3.8 billion in USDC and redeemed around $2.9 billion USDC over the seven days leading up to December 19. This activity resulted in an increase of about 900 million USDC in circulation. The total circulation of USDC now stands at 42.3 billion, with reserves amounting to approximately $42.5 billion. Of these reserves, about $4.9 billion is held in cash, while the Circle Reserve Fund holds approximately $37.6 billion.