USDC Circulation Surges by $3.5 Billion, Total Now at $70.5 Billion

USDC’s circulation experienced a significant boost during the past week, according to recent data from PANews. Circle issued approximately $8.4 billion worth of USDC and redeemed roughly $4.9 billion, leading to a net increase of around $3.5 billion in overall circulation. The total USDC circulating supply now stands at 70.5 billion dollars. Additionally, its reserves total about $70.6 billion, which includes approximately $10.4 billion in cash and $60.2 billion held within the Circle Reserve Fund.