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USDC Circulation Decreases by 700M Over Past 7 Days, Total Supply Reaches 78B

GateNews
USDC newsCapital FlowOn-Chain Data
USDC0.04%

Gate News message, April 26 — Over the past seven days through April 23, Circle issued approximately 5.1 billion USDC while redeeming about 5.8 billion USDC, resulting in a net decrease of 700 million USDC in circulation.

USDAC’s total supply stands at 78 billion, backed by approximately $78.2 billion in reserves. The reserve composition includes $47.2 billion in overnight reverse repurchase agreements (short-term secured lending with U.S. Treasuries), $19.4 billion in Treasury bills with maturity under three months, $11 billion in deposits at systemically important financial institutions, and $600 million in deposits at other banks.

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