USDC circulation increased by approximately 500 million in the past 7 days
According to official data reported by Jinse Finance, in the seven days leading up to July 24, Circle issued approximately 4.8 billion USDC and redeemed about 4.3 billion USDC, resulting in a net increase of around 500 million USDC in circulation. The total USDC in circulation stands at 65 billion, with reserves of approximately $65.2 billion, including about $8.9 billion in cash and roughly $56.3 billion held in the Circle Reserve Fund.
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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