USDC Circulation Grows Slightly: Data Reveals 100 Million USDC Increase

Circle’s recent data shows a modest increase in USDC circulation over the past seven days. According to PANews, the company issued approximately 6.4 billion USDC and redeemed around 6.3 billion USDC during that time frame, resulting in a net increase of approximately 100 million USDC in circulation. As of November 13th, the total circulating supply of USDC stands at 75.4 billion USDC, backed by reserves totaling roughly $75.6 billion. These reserves consist of around $9.5 billion in cash and $66.2 billion held in the Circle Reserve Fund.