Data: USDC circulation increased by about 1 billion in the past 7 days

On March 22nd, according to official data, in the 7 days leading up to March 20th, Circle issued approximately 3.6 billion USDC, redeemed approximately 2.6 billion USDC, and the circulation increased by approximately 1 billion coins. The total circulation of USDC is 59.2 billion coins, with a reserve of approximately 59.5 billion US dollars, including approximately 7.2 billion US dollars in cash, and the Circle Reserve Fund holds approximately 52.3 billion US dollars.