PANews, June 7: According to official data, over the seven days ending June 4, Circle issued approximately $7.7 billion in USDC and redeemed approximately $8.3 billion in USDC, resulting in a net reduction of about $600 million in circulation. The total circulating supply of USDC is $75.5 billion, with reserves totaling approximately $75.7 billion, including $43.8 billion in overnight reverse repurchase agreements on U.S. Treasuries, $20.1 billion in U.S. Treasuries with maturities under three months, $11.1 billion in deposits at systemically important institutions, and $700 million in other bank deposits.
USDC circulation drops by $600M in 7 days as redemptions outpace issuance
PANewsShare
Summary
USDC circulation decreased by $600 million in a week as redemptions exceeded issuance in the crypto market. According to PANews, Circle issued $7.7 billion in USDC from May 28 to June 4, 2026, while redemptions reached $8.3 billion. Total supply now stands at $75.5 billion, backed by $75.7 billion in USD reserves. Altcoins to watch may attract increased attention as stablecoin outflows continue.
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