According to official data, in the 7 days ending on July 10, Circle issued approximately 3.3 billion USDC and acquired about 2.6 billion USDC, increasing the net circulating amount by approximately 700 million. The total amount of USDC in circulation currently stands at 62.7 billion USD, with reserves of around 62.9 billion USD – including 9.2 billion USD in cash and 53.7 billion USD held by the Circle Reserve Fund.
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Circle issued a net 700 million USDC over the past week
According to official data, in the 7 days ending on July 10, Circle issued approximately 3.3 billion USDC and acquired about 2.6 billion USDC, increasing the net circulating amount by approximately 700 million. The total amount of USDC in circulation currently stands at 62.7 billion USD, with reserves of around 62.9 billion USD – including 9.2 billion USD in cash and 53.7 billion USD held by the Circle Reserve Fund.