USDC Circulation Rises $1.7 Billion in Week to March 12 as Minting Outpaces Redemptions

Circle minted about 5.2 billion USDC and redeemed roughly 3.6 billion in the week ending March 12, lifting circulation by around 1.7 billion, data from Circle's official website show. As of March 13, USDC's circulating supply stood at approximately 78.7 billion, backed by reserve assets of about $78.9 billion.