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USDC Circulation Increases by 300 Million in the Past Week, Total Circulation Reaches 74.6 Billion

As of September 21, within the past 7 days, Circle issued approximately 10.1 billion USDC and redeemed about 9.8 billion USDC, resulting in an increase of approximately 300 million USDC. The total circulation of USDC is 74.6 billion, with reserves amounting to approximately 74.8 billion USD. This includes about 41.2 billion USD in overnight reverse repurchase agreements, approximately 26.5 billion USD in Treasury bills with maturities of less than 3 months, around 5.9 billion USD in deposits from systemically important institutions, and about 1.2 billion USD in deposits from other banks.

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