Circle issued approximately 11.2 billion USDC and redeemed 10.2 billion USDC in the seven days through August 27, resulting in a net increase of about 1 billion coins in circulation. According to Odaily, total USDC circulation reached 73.7 billion coins, backed by reserves of around $74 billion. The reserve breakdown includes $49.6 billion in overnight reverse repos, $13.2 billion in Treasuries with maturities under three months, $10.5 billion in deposits at systemically important institutions, and $0.7 billion in other bank deposits. The data reflects Circle's issuance and redemption activity, directly impacting the stablecoin's supply dynamics. The reserve composition highlights the fund's allocation across highly liquid assets, with a significant portion parked in overnight reverse repos and short-term government debt. This weekly snapshot provides a clear view of USDC's supply and backing assets, offering transparency for market participants tracking stablecoin movements.
Circle issued approximately 11.2 billion USDC and redeemed 10.2 billion USDC in the seven days through August 27, resulting in a net increase of about 1 billion USDC in circulation. Total USDC supply reached 73.7 billion coins, with reserves of about $74 billion, according to Odaily.
Reserve allocation: overnight reverse repos $49.6 billion, U.S. Treasuries with under-three-month maturities $13.2 billion, deposits at systemically important institutions $10.5 billion, and other bank deposits $0.7 billion.
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