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Circle USDC Circulation Dropped by $900 Million in the Past Week

According to Circle, from January 26 to February 2, Circle issued a total of USD 2.2 billion in USDC, redeemed USD 3 billion in USDC, and the circulation decreased by about USD 900 million.

As of February 2, USDC had a total circulation of US$42.4 billion and reserves of US$42.5 billion, including US$9.3 billion in cash and US$33.2 billion in short-term US treasury bonds.

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