Data: USDC Circulation Increased by Approximately 500 Million in the Past 7 Days
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September 14, 2024
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According to ChainCatcher, in the seven days ending September 12th, Circle issued approximately 3 billion USDC and redeemed approximately 2.5 billion USDC, resulting in a net increase in circulation of about 500 million USDC. The total USDC in circulation is $35.3 billion, with reserves of approximately $35.5 billion. These reserves are comprised of $4.6 billion in cash and $30.8 billion held by the Circle Reserve Fund.
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