PANews, August 8: According to official data, over the seven days ending August 6, Circle issued approximately $6.3 billion in USDC and redeemed approximately $6.4 billion in USDC, resulting in a net reduction of about $100 million in circulation. 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, approximately $9 billion in U.S. Treasuries with maturities under three months, about $10 billion in deposits at systemically important institutions, and approximately $1.2 billion in other bank deposits.
USDC circulation drops by $100M in 7 days as redemptions exceed issuance
PANewsShare
Summary
MiCA (EU Markets in Crypto-Assets Regulation) continues to shape global stablecoin dynamics as USDC circulation decreased by $100 million between July 30 and August 6, 2026. Circle issued $6.3 billion in USDC but redeemed $6.4 billion, reducing the total supply to $71.8 billion. Reserves remain at $72 billion USD, including $51.8 billion in overnight reverse repos and $9 billion in short-term Treasuries. As BTC gains traction as a hedge against inflation, stablecoin movements reflect broader macroeconomic trends.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.