According to official data released on 7/6, in the seven days ending on 5/6, Circle issued approximately 3.2 billion USDC and redeemed around 3.1 billion USDC. The net circulation of USDC increased by 100 million units, indicating that the market demand for this stablecoin remains stable and has strong liquidation potential.
The current circulating supply of USDC has reached 61.1 billion. This figure reflects USDC's influence in the global cryptocurrency market, especially as USDC increasingly becomes a popular payment method on DeFi platforms and smart contract protocols.
In terms of reserves, Circle holds approximately 61.3 billion USD, of which 8.2 billion USD is held in cash. The remaining amount, around 53.1 billion USD, is placed in the Circle Reserve Fund. This ensures transparency and the ability to instantly convert between USDC and USD, strengthening community confidence when participating in the cryptocurrency ecosystem.
Effectively managing reserves, diversifying both cash and assets in the Circle Reserve Fund, is a key factor that helps USDC maintain its 1:1 peg with the USD, increasing its resilience to traditional market and cryptocurrency fluctuations.
