Data: The circulation of USDC has increased by about 1.2 billion coins in the past 7 days

PANews reported on February 1st that, according to official data, in the 7 days ending on January 30th, Circle issued approximately 3.4 billion USDC and redeemed approximately 2.3 billion USDC, resulting in a circulating supply increase of approximately 1.2 billion. The total circulating supply of USDC is 53 billion, with a reserve of approximately 53.2 billion US dollars, including approximately 6.3 billion US dollars in cash, and the Circle Reserve Fund holding approximately 46.9 billion US dollars.