Circle’s team says it publishes a weekly reserve report for USDC. Circle co-founder and CEO Jeremy Allaire tweeted that over the past week, USDC issued $8.6 billion, redeemed $6.3 billion, and had a net circulation of $2.3 billion.
It is reported that Circle’s commitment to provide weekly reserve reports for USDC comes against the backdrop of the UST decoupling, which has caught the attention not only of retail and institutional traders, but also of the U.S. Treasury Department and global regulators.
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