Data: Circle USDC liquidity increased by about $300 million in the past week
According to official data, Circle has issued $900 million USD in USDDCs and redeemed $600 million USD in USDDCs in the past 7 days, increasing liquidity by about $300 million. As of June 22, total USD 28.5 billion USD in circulation and USD 28.6 billion USD in reserves, including USD 3.8 billion USD in cash and USD 24.9 billion USD held by the Circle Reserve Fund, a government money market fund.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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