The circulating supply of USDC has decreased by approximately 1.3 billion coins in the past 7 days.
TL;DR
USDC's circulating supply dropped by 1.3 billion in a week due to higher redemptions than issuances. Its total supply is 77.2 billion, backed by reserves including reverse repurchase agreements and Treasury bonds.
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According to official data Odaily by Odaily, in the seven days ending December 18th, Circle issued approximately 4.7 billion USDC and redeemed approximately 6 billion USDC, resulting in a decrease of approximately 1.3 billion USDC in circulation. The total circulating supply of USDC is 77.2 billion, with reserves of approximately $77.5 billion, including approximately $53.3 billion from overnight reverse repurchase agreements; approximately $14.3 billion from Treasury bonds with maturities of less than three months; approximately $9.2 billion from systemically important institution deposits; and approximately $700 million from other bank deposits.