Official data cited by ChainCatcher shows that in the seven days through Aug. 20, Circle issued about 7.5 billion USDC and redeemed about 6.7 billion, leaving the stablecoin’s circulating supply up by roughly 800 million tokens over the period. Total USDC in circulation stood at about 72.7 billion.
The same data shows reserves of about $72.9 billion backing USDC. Of that amount, roughly $48.1 billion was held in overnight reverse repos backed by government securities. Another $12.7 billion was allocated to U.S. Treasuries with maturities of less than three months. Deposits at systemically important institutions accounted for about $11.4 billion, while other bank deposits totaled about $700 million.
The figures offer a snapshot of USDC issuance, redemptions, and reserve composition for the latest reported seven-day period ending Aug. 20.
According to official data cited by ChainCatcher, Circle issued about 7.5 billion USDC and redeemed about 6.7 billion USDC in the seven days through Aug. 20, bringing circulating supply up by roughly 800 million tokens.
Total USDC in circulation stood at 72.7 billion. Reserves were about $72.9 billion, including around $48.1 billion in overnight reverse repos backed by government securities, about $12.7 billion in U.S. Treasuries with maturities of less than three months, roughly $11.4 billion in deposits at systemically important institutions, and about $700 million in other bank deposits.
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