Official data cited by ChainCatcher shows that in the seven days through Aug. 13, Circle issued about 5.4 billion USDC and redeemed about 5.3 billion USDC, leaving circulation higher by roughly 100 million tokens over the period. The figures point to a modest net increase in supply despite heavy issuance and redemption activity during the week.
The same data shows total USDC circulation stood at 71.9 billion tokens. Reserve assets were about $72.6 billion in total. Of that amount, around $47.7 billion was held in overnight reverse repurchase agreements backed by Treasuries, about $13.5 billion was in U.S. Treasuries with maturities of less than three months, about $10.2 billion was held as deposits at systemically important institutions, and about $1.2 billion was held as deposits at other banks.
ChainCatcher reported, citing official data, that in the seven days through Aug. 13, Circle issued about 5.4 billion USDC and redeemed about 5.3 billion USDC. That left USDC circulation higher by roughly 100 million tokens over the period.
Total USDC circulation stood at 71.9 billion. Reserves were about $72.6 billion, including roughly $47.7 billion in overnight Treasury reverse repurchase agreements, about $13.5 billion in U.S. Treasuries with maturities of less than three months, about $10.2 billion in deposits at systemically important institutions, and about $1.2 billion in deposits at other banks.
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