PANews, August 1: According to official data, over the 7-day period ending July 30, Circle issued approximately $6.2 billion in USDC and redeemed approximately $7.2 billion in USDC, resulting in a net reduction of about $1 billion in circulating supply. The total circulating supply of USDC is $71.8 billion, with reserves totaling approximately $71.9 billion, comprising approximately $53.4 billion in overnight reverse repurchase agreements on U.S. Treasuries, approximately $7.2 billion in U.S. Treasuries with maturities under three months, approximately $10.1 billion in deposits at systemically important institutions, and approximately $1.3 billion in other bank deposits.
USDC circulation drops by $1 billion in 7 days
PANewsShare
Summary
Crypto news from July 30, 2026, shows USDC circulation dropped by 1 billion tokens in a week. Circle issued 6.2 billion but redeemed 7.2 billion between July 23 and 30. Total supply now stands at 71.8 billion, backed by $71.9 billion in reserves. Inflation data for stablecoins remains a key focus for traders and analysts.
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