Circle's USDC Circulation Sees Increase Amid Recent Issuance and Redemption

According to PANews, official data reveals that Circle issued approximately 3.6 billion USDC and redeemed around 3.3 billion USDC in the week leading up to June 19, resulting in a net increase of about 300 million USDC in circulation. The total circulation of USDC now stands at 61.2 billion. Circle's reserves are reported to be approximately $61.6 billion, with $8.4 billion held in cash and around $53.3 billion in the Circle Reserve Fund.