$USDC Circulation Increases by Approximately 1.2 Billion Tokens in the Past 7 Days

According to official data released on April 11, Circle issued approximately 4.9 billion USDC and redeemed approximately 3.7 billion USDC in the seven days ending April 9, resulting in an increase of approximately 1.2 billion tokens in circulation.

The total circulating supply of USDC is 78.3 billion tokens, with reserves of approximately $78.4 billion. This includes approximately $43 billion from overnight reverse repurchase agreements; approximately $23.8 billion from Treasury bonds with maturities of less than 3 months; approximately $11.1 billion from systemically important institution deposits; and approximately $600 million from other bank deposits. #CryptoNewss

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