USDC circulation increased by US$1.2 billion in the past week, with total circulation reaching US$31.8 billion

As of March 21, Circle issued a total of 4.4 billion USDC and redeemed 3.1 billion USDC in the past 7 days, with an increase in circulation of 1.2 billion USDC. The total circulation of USDC is 31.8 billion US dollars, with a reserve of 31.9 billion US dollars, of which about 4.9 billion US dollars are in cash, and the Circle Reserve Fund holds about 27 billion US dollars.