The circulation of USDC has increased by approximately 300 million in the past 7 days
As of the 7 days ending October 31, Circle issued approximately 2.4 billion USDC and redeemed about 2 billion USDC, increasing the circulation by about 300 million. The total circulation of USDC is about 34.7 billion, with reserves of approximately $34.9 billion, including around $4.3 billion in cash and an estimated $30.6 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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