Circle recorded a net increase of about 160 million USDC in the week ended July 20, according to Techub. Over that period, the company issued roughly 4.31 billion USDC and redeemed about 4.15 billion. As of the same date, USDC circulation stood at around 73.11 billion, backed by reserve assets totaling about $73.2 billion. Techub said Circle’s reserves consist of cash and U.S. Treasuries and are subject to regular audits. The report also described USDC as one of the largest compliant stablecoins in circulation across the crypto market, with use cases spanning DeFi, payments, and cross-border transfers.
Circle posted a net increase of about 160 million USDC in the week ended July 20, according to Techub. During that period, the company issued roughly 4.31 billion USDC and redeemed about 4.15 billion.
As of the same date, USDC circulation was დაახლოებით 73.11 billion, with total reserve assets of about $73.2 billion.
Circle is the issuer of USDC. Techub said the token’s reserves are made up of cash and U.S. Treasuries, and that they are reviewed through regular audits. USDC is also described as one of the largest compliant stablecoins in circulation in the crypto market, with usage across DeFi, payments, and cross-border transfers.
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