USDC Circulation Decreases Slightly as Issuance and Redemption Levels Steady

Recent data from PANews indicates a slight decline in USDC circulation. Between June 5th and June 12th, Circle issued approximately 2.6 billion USDC and redeemed a similar amount, resulting in a net reduction of around 100 million USDC circulating within the market. This brings the total circulation of USDC to 60.9 billion. The Circle Reserve Fund holds approximately $61.2 billion in reserves, including roughly $8.5 billion in cash and $52.7 billion invested in other assets.