USDC circulation has increased by approximately 300 million in the past seven days

PANews reported on September 25 that according to official data, in the seven days as of September 21, Circle issued approximately 10.1 billion USDC, redeemed approximately 9.8 billion USDC, and the circulation increased by approximately 300 million pieces. The total circulation of USDC is 74.6 billion, and the reserves are approximately US$74.8 billion, including approximately US$41.2 billion in overnight reverse treasury bond repurchases; approximately US$26.5 billion in treasury bonds with a maturity of less than 3 months; approximately US$5.9 billion in systemically important institutional deposits; and approximately US$1.2 billion in other bank deposits.