Circle Reports Decrease in USDC Circulation Amid Recent Transactions

According to PANews, official data reveals that Circle issued approximately 68 billion USDC and redeemed around 73 billion USDC over the past week, ending November 6. This activity resulted in a reduction of about 5 billion USDC in circulation. The total circulation of USDC stands at 75.4 billion, with reserves amounting to approximately 75.5 billion dollars. Of these reserves, around 9.9 billion dollars are held in cash, while the Circle Reserve Fund manages approximately 65.6 billion dollars.