Data: Approximately 500 million USDC coins have been issued in circulation over the past 7 days.
TL;DR
Circle issued 5.8 billion and redeemed 5.3 billion USDC over 7 days, netting a 500 million increase in circulation. Total supply is 78.5 billion USDC, backed by $78.7 billion in reserves including Treasury bonds and bank deposits.
Tags
According to official data Odaily by Odaily, in the seven days ending December 11, Circle issued approximately 5.8 billion USDC and redeemed approximately 5.3 billion USDC, increasing the circulating supply by approximately 500 million USDC. The total circulating supply of USDC is 78.5 billion, with reserves of approximately $78.7 billion, including approximately $49.7 billion from overnight reverse repurchase agreements; approximately $18.5 billion from Treasury bonds with maturities of less than three months; approximately $9.6 billion from systemically important institution deposits; and approximately $900 million from other bank deposits.