Data: The circulation of USDC has increased by about 1.1 billion in the past 7 days

PANews reported on January 18th, according to official data, within the seven days up to January 16th, Circle issued approximately 3.3 billion USDC and redeemed about 2.2 billion USDC, increasing the circulation by around 1.1 billion coins. The total circulation of USDC is about 46.4 billion coins with a reserve of approximately $46.5 billion USD, including roughly $5.8 billion in cash and an estimated $40.8 billion held in the Circle Reserve Fund.