USDC Circulation Increases by 1.2 Billion in Recent Week

According to PANews, official data reveals that Circle issued approximately 3.7 billion USDC and redeemed around 2.5 billion USDC in the week ending April 24, resulting in a net increase of 1.2 billion USDC in circulation. The total circulation of USDC now stands at 62 billion. Circle's reserves are reported to be around $62.3 billion, with $7.9 billion held in cash and approximately $54.4 billion managed by the Circle Reserve Fund.