According to PANews, official data reveals that Circle has issued approximately $3.7 billion worth of USDC in the past week ending November 21, while redeeming around $2.2 billion. This activity has resulted in a net increase of about $1.4 billion in USDC circulation.
The total circulation of USDC now stands at 38.1 billion tokens. In terms of reserves, Circle holds approximately $38.3 billion, with $5.8 billion in cash and $32.5 billion managed within the Circle Reserve Fund. This increase in circulation reflects the ongoing demand and utilization of USDC in the digital currency market.