According to ChainCatcher, based on official data, in the seven days ending January 21, Circle issued approximately $4.8 billion in USDC and redeemed about $6.2 billion in USDC, resulting in a reduction of about $1.4 billion in circulation. The total circulating supply of USDC is 7.44 billion, with total reserves amounting to approximately $7.45 billion, including about $4.78 billion in overnight reverse repurchase agreements (ON RRP) with U.S. Treasuries; approximately $1.6 billion in U.S. Treasury securities with a term of less than three months; about $990 million in deposits with systemically important financial institutions; and roughly $80 million in other bank deposits.
Data: USDC Circulating Supply Decreases by 1.4 Billion in 7 Days
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Summary
New cryptocurrency news from ChainCatcher reveals that the circulating supply of USDC dropped by 1.4 billion in seven days. Between January 14 and 21, 2026, 62 billion tokens were redeemed, while 48 billion were issued. The total supply now stands at 74.4 billion, supported by $74.5 billion in reserves. These reserves include $47.8 billion in overnight reverse repurchase agreements, $16 billion in short-term U.S. Treasury securities, $9.9 billion in deposits with systemically important banks, and $0.8 billion in other bank deposits. Inflation data for stablecoins remains a key focus in the cryptocurrency news cycle.
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