Past 7 Days USDC Circulation Increased by Approximately 500 Million Coins
Article is form Jinse
September 14, 2024
This article is translated by ChatGPT Show original
On September 14th, it was reported that Circle issued approximately 3 billion USDC and redeemed approximately 2.5 billion USDC within the seven days ending September 12th. This resulted in an increase of approximately 500 million USDC in circulation.
The total USDC in circulation stands at $35.3 billion, while the total reserves are approximately $35.5 billion. This includes $4.6 billion in cash and $30.8 billion held by the Circle Reserve Fund.
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