ME News reports that, as of April 9, over the previous seven days (UTC+8), Circle issued approximately $4.9 billion in USDC and redeemed about $3.7 billion, resulting in a net increase of approximately $1.2 billion in circulation. The total circulating supply of USDC stands at $78.3 billion, with reserves totaling approximately $78.4 billion, comprising approximately $43 billion in overnight reverse repurchase agreements on U.S. Treasuries, approximately $23.8 billion in U.S. Treasuries with maturities under three months, approximately $11.1 billion in deposits at systemically important institutions, and approximately $600 million in other bank deposits. (Source: PANews)
USDC circulation increases by $1.2 billion in 7 days
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Summary
According to MetaEra, from April 2 to April 9, Circle issued $4.9 billion in USDC and redeemed $3.7 billion, bringing the total supply to $78.3 billion. Reserves now total $78.4 billion, comprising $43 billion in overnight reverse repos, $23.8 billion in short-term U.S. Treasury securities, $11.1 billion in deposits at systemically important banks, and $600 million in other bank deposits. This growth aligns with ongoing CFT measures and evolving MiCA compliance efforts.
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