USDC circulation increased by approximately 1.7 billion within one week

Foresight News reports that information from Circle's official website shows that, in the week ending March 12 local time, approximately 5.2 billions USDC were issued and about 3.6 billions USDC were redeemed, resulting in an increase of around 1.7 billions USDC in circulation. As of March 13 local time, the circulating supply of USDC was approximately 78.7 billions, with reserve assets valued at about 78.9 billions USD.