Circle's USDC Circulation Increases by 1.2 Billion

According to PANews, official data reveals that Circle has issued approximately 3.9 billion USDC and redeemed around 2.7 billion USDC over the past week, ending December 12. This activity has resulted in an increase of about 1.2 billion USDC in circulation. The total circulation of USDC now stands at 41.4 billion. Circle's reserves are reported to be approximately $41.6 billion, with $5.8 billion held in cash. The Circle Reserve Fund holds about $35.8 billion. This data highlights the significant growth in USDC's circulation and the robust reserve backing it.