Data: USDC Circulating Supply Increased by Approximately 1.8 Billion in the Past 7 Days
According to Odaily Planet Daily, official data shows that in the seven days leading up to July 17, Circle issued approximately 7.5 billion USDC and redeemed about 5.7 billion USDC, resulting in a net increase of around 1.8 billion USDC in circulation. The total USDC in circulation stands at 64.5 billion, with reserves of about 64.7 billion US dollars, including roughly 10.1 billion US dollars in cash and approximately 54.7 billion US dollars held in the Circle Reserve Fund.
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