PANews, October 11: According to official data, over the seven days ending October 8, Circle issued approximately $9.7 billion in USDC and redeemed approximately $10.5 billion in USDC, resulting in a net reduction of about $800 million in circulation. The total circulating supply of USDC is $73 billion, with reserves totaling approximately $73.2 billion, comprising approximately $36.3 billion in overnight reverse repurchase agreements on U.S. Treasuries, approximately $26.9 billion in U.S. Treasuries with maturities under three months, approximately $9.3 billion in deposits at systemically important institutions, and approximately $700 million in other bank deposits.
USDC circulation drops by $800M in 7 days as redemptions exceed issuance
PANewsShare
Summary
USDC circulation decreased by $800 million over seven days as redemptions exceeded issuance. Between October 1 and 8, 2026, Circle issued $9.7 billion but redeemed $10.5 billion. Total supply now stands at $73 billion, backed by $73.2 billion in reserves. Altcoins to watch may attract increased attention as the Fear & Greed Index reflects shifting market sentiment. Reserves include $36.3 billion in overnight reverse repos, $26.9 billion in short-term Treasuries, and $9.3 billion in deposits at systemically important banks.
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