Increase in USDC circulation: Circle has increased USDC circulation by 1.2 billion, reflecting growing user confidence. Issuing about 3.9 billion and redeeming roughly 2.7 billion, USDC now totals 41.4 billion, showcasing its expanding adoption.
Robust financial reserves: Circle’s reserves stand at approximately 41.6 billion USD, bolstered by 5.8 billion USD in cash holdings. This strong financial backing affirms the stability and trust in the USDC among users.