Data: The circulation of USDC has increased by approximately 1.7 billion in the past 7 days

PANews reported on March 8th, according to official data, within the seven days up to March 6th, Circle issued approximately 4.1 billion USDC and redeemed about 2.4 billion USDC, increasing the circulation by around 1.7 billion coins. The total circulation of USDC is about 57.2 billion coins with a reserve of approximately $57.4 billion USD, including roughly $7 billion in cash and an estimated $50.4 billion held in the Circle Reserve Fund.