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🚀 Circle's USDC Circulation Sees Increase Over Recent Week

According to PANews, official data reveals that Circle issued approximately 7.6 billion USDC and redeemed around 7.2 billion USDC in the week ending October 16, resulting in a net increase of 400 million USDC in circulation. The total circulation of USDC now stands at 75.9 billion tokens. Circle's reserves amount to approximately $76.1 billion, with $9.9 billion held in cash and $66.2 billion managed by the Circle Reserve Fund.

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