USDC Rises About 200 Million in a Week

Bittime - USDC increased by 200 million in the past week, with total circulation reaching $33.6 billion and reserves of $33.8 billion. Circle ensures stability and trust with transparent and robust reserves.

USDC Rises About 200 Million in a Week

In the seven days to July 18, Circle, the issuer of USDC, issued about 2.1 billion USDC and redeemed about 2.3 billion USDC, increasing net circulation by about 200 million pieces of USDC, according to official data from DeepChao TechFlow News.

In the past week, Circle, the company that produces the USDC stablecoin, issued 2.1 billion USDC and redeemed 2.3 billion USDC; this change resulted in a total increase of approximately 200 million USDC currently circulating on the market.

What is the Total USDC Circulation and Reserves?

Currently, USDC circulation stands at US$33.6 billion, and Circle also ensures that their reserves are sufficient to support every USDC in circulation. USDC's total reserves currently stand at US$33.8 billion, consisting of US$4.1 billion in cash and US$29.7 billion held by the Reserve Fund Circle. These reserves ensure that each USDC is fully backed by safe and liquid assets.

What Does Stability and Trust in USDC Look Like?

As one of the world's largest stablecoins, USDC has proven itself to be a reliable tool for transactions and storage of value in the crypto world, and Circle continues to build the trust of its users with transparent and strong reserves. The increased circulation amount of 200 million USDC in the past week shows consistent demand and high confidence in this stable currency.

Conclusion

With a total circulation of US$33.6 billion and strong reserves, USDC continues to be the top choice for many crypto users, and an increase in circulation of 200 million in the last seven days shows market dynamics and high confidence in this stablecoin.

Circle ensures that USDC remains a reliable and desirable stablecoin with full transparency and support from credible reserves. Circle continues to monitor further developments to see how USDC continues to play a role in the digital financial ecosystem.

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