Circle's issuance and redemption activities have boosted the circulating supply of USDC to 64.5 billion, with reserves slightly exceeding this amount, ensuring stability.
In the week ending July 17, Circle issued about $7.5 billion USDC and redeemed approximately $5.7 billion, resulting in a net increase of $1.8 billion in circulation. The total USDC supply 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.