{"id":571447,"date":"2022-05-21T13:09:37","date_gmt":"2022-05-21T12:09:37","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=571447"},"modified":"2022-05-24T16:31:43","modified_gmt":"2022-05-24T15:31:43","slug":"circle-commits-to-weekly-usdc-reserve-reports-as-stablecoin-jitters-rock-the-crypto-markets","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/circle-commits-to-weekly-usdc-reserve-reports-as-stablecoin-jitters-rock-the-crypto-markets\/","title":{"rendered":"Circle Commits to Weekly USDC Reserve Reports as Stablecoin Jitters Rock the Crypto Markets"},"content":{"rendered":"
Summary:<\/p>\n
The Co-founder and CEO of Circle, Jeremy Allaire, has announced that the company remains committed to its goal<\/a> of providing weekly reserve reports<\/a> for USD Coin (USDC).<\/p>\n Mr. Allaire made the announcement via Twitter<\/a> and also stated that in the last week, USDC saw 8.6 billion issued and 6.3 billion USDC redeemed, with a net weekly increase in circulation of 2.3 billion USDC.<\/p>\n 2\/ Over the past week, we saw 8.6 billion USDC issued, and 6.3 billion USDC redeemed, with a net weekly increase in circulation of 2.3 billion USDC.<\/p>\n — Jeremy Allaire (@jerallaire) May 20, 2022<\/a><\/p><\/blockquote>\nUSDC Saw a Net Increase of 2.3 Billion in the Last Week<\/h2>\n
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