Past 7 Days USDC Circulation Increased by Approximately 500 Million
Article is form followin
September 14, 2024
This article is translated by ChatGPT Show original
Circle USDC Update: Increased Circulation and Strong Reserves
According to Mars Finance news, on September 14th, Circle issued approximately 3 billion USDC and redeemed around 2.5 billion USDC in the seven days ending September 12th. This resulted in a net increase in circulation of about 500 million USDC.
The total USDC circulation currently stands at $35.3 billion, with reserves estimated at $35.5 billion. This includes $4.6 billion in cash and $30.8 billion held by the Circle Reserve Fund.
Source
1. Disclaimer: The views expressed are solely those of the author and do not reflect the stance of Gen3. They are not intended as investment advice.
2. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as investment or other advice.