Circle's USDC Circulation Sees Fluctuations in August

According to Foresight News, as of August 29, Circle has issued approximately 2.5 billion USDC and redeemed around 2.6 billion USDC in the past seven days, resulting in a net decrease of about 100 million USDC in circulation. Over the past 30 days, Circle issued approximately 12.6 billion USDC and redeemed around 11.4 billion USDC, leading to an increase of about 1.2 billion USDC in circulation. Currently, the total circulation of USDC stands at 34.6 billion USD, with reserves amounting to approximately 34.8 billion USD. This reserve includes 3.9 billion USD in cash and 30.9 billion USD held in the Circle Reserve Fund.