Over the 7 days ending August 6, Circle issued approximately $6.3 billion in USDC and redeemed approximately $6.4 billion in USDC, resulting in a net decrease in circulation of about $100 million. The total circulating supply of USDC is $71.8 billion, with reserves totaling approximately $72 billion, comprising about $51.8 billion in overnight reverse repurchase agreements on U.S. Treasuries, $9 billion in U.S. Treasuries with maturities of less than three months, $10 billion in deposits at systemically important institutions, and $1.2 billion in other bank deposits.
Circle reports a 100M USDC burn over 7 days, with total circulation at 7.18B.
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Summary
Circle reported 100 million USDC burned over seven days in compliance with MiCA, with total circulation at 7.18 billion as of August 6. Between July 30 and August 6, 6.3 billion was issued and 6.4 billion redeemed. Reserves totaled $72 billion, including $51.8 billion in overnight reverse repos, $9 billion in short-term Treasuries, $10 billion in deposits with systemically important institutions, and $1.2 billion in other bank deposits. The burn activity aligns with CFT measures and regulatory transparency requirements.
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