💵 #USDC✅ Supply Expands Further 📊
Circle’s USDC circulation has recorded a steady increase over the past seven days, reflecting growing stablecoin demand 🚀. According to official data, Circle issued around 5.8 billion USDC while redeeming approximately 5.3 billion USDC, resulting in a net increase of nearly 500 million USDC ➕. Total USDC circulation has now reached 78.5 billion, supported by reserves estimated at $78.7 billion 🏦. These reserves are primarily backed by U.S. Treasury-linked assets, including overnight reverse repos, short-term Treasury bills, and institutional deposits 💼. This strong reserve structure reinforces USDC’s stability and market confidence 🔐📈.
