USDC circulation increased by about 200 million in the past week
According to official data, Circle issued about 2.1 billion USDC and redeemed about 2.3 billion USDC within the 7 days ending on July 18th, resulting in a net increase of about 200 million USDC in circulation. The current total circulation of USDC is 33.6 billion US dollars, with a reserve of about 33.8 billion US dollars, including 4.1 billion US dollars in cash and Circle Reserve Fund holding 29.7 billion US dollars.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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