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TechFlow news, on October 26, during the 7-day period ending October 24, Circle issued approximately 1.7 billion USDC and redeemed approximately 2 billion USDC, resulting in a circulation decrease of 300 million. The total circulating supply of USDC is 34.4 billion, with reserves amounting to approximately $34.6 billion, including about $4.1 billion in cash and approximately $30.5 billion held in the Circle Reserve Fund.
In the 7-day period ending October 24, Circle issued approximately 1.7 billion USDC and redeemed approximately 2 billion USDC, resulting in a net decrease of 300 million in circulating supply. The total outstanding USDC is 34.4 billion, backed by reserves of approximately $34.6 billion, consisting of about $4.1 billion in cash and approximately $30.5 billion held in the Circle Reserve Fund.
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