Data: The circulation of USDC has increased by approximately 100 million in the past 7 days

PANews reported on February 22, according to official data, within the seven days up to February 20, Circle issued approximately 2.1 billion USDC and redeemed about 2 billion USDC, increasing the circulation by about 100 million. The total circulation of USDC is around 56.1 billion, with reserves of approximately $56.4 billion USD; this includes roughly $6.9 billion in cash and an estimated $49.5 billion held in the Circle Reserve Fund.