Circle Reports Decrease in USDC Circulation Over Recent Week

According to PANews, official data reveals that Circle issued approximately 4.5 billion USDC and redeemed around 4.6 billion USDC in the week ending September 11, resulting in a net decrease of about 100 million USDC in circulation. The total circulation of USDC stands at 72.4 billion, with reserves amounting to approximately $72.5 billion. These reserves include around $9.3 billion in cash and $63.2 billion held in the Circle Reserve Fund.