USDC Circulating Supply Increased by Approximately 300 Million in the Past 7 Days
According to official data reported by Jinse Finance, in the seven days ending June 19, Circle issued approximately 3.6 billion USDC and redeemed about 3.3 billion USDC, resulting in a net increase of around 300 million USDC in circulation. The total USDC in circulation stands at 61.2 billion, with reserves of about $61.6 billion, including roughly $8.4 billion in cash and approximately $53.3 billion held in the Circle Reserve Fund.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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