Circle's recent activity has increased USDC circulation by $1.8 billion, reflecting a growing demand for the stablecoin.
Circle has issued approximately $7.5 billion USDC and redeemed about $5.7 billion in the week ending July 17, raising the circulating supply by $1.8 billion. The total USDC circulation now stands at $64.5 billion, supported by reserves of around $64.7 billion, which includes $10.1 billion in cash and $54.7 billion in the Circle Reserve Fund.