Circle USDC Circulation Declines, Data Shows

Circle recently revealed data through PANews showing a decrease in USDC circulation. Over the past week, ending November 6th, they issued approximately 68 billion USDC and redeemed around 73 billion USDC. This activity resulted in a reduction of approximately 5 billion USDC from circulation. The current total USDC circulation stands at 75.4 billion USD. Reserves stand at approximately 75.5 billion dollars, with 9.9 billion dollars held in cash and the Circle Reserve Fund managing 65.6 billion dollars.