727 FinancePANews October 11 news, according to official data, in the 7 days ending October 8, Circle issued approximately 9.7 billion USDC and redeemed approximately 10.5 billion USDC, with circulating supply decreasing by approximately 800 million. The total circulating supply of USDC is 73 billion, and reserves are approximately 73.2 billion USD, of which approximately 36.3 billion is in overnight reverse Treasury repurchase agreements; approximately 26.9 billion is in Treasury bills with maturities of less than 3 months; approximately 9.3 billion is in deposits at systemically important institutions; and approximately 700 million is in other bank deposits.
Over the past 7 days, USDC circulation decreased by approximately 800 million.
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