USDC circulation decreases by approximately 200 million over the past week

According to official data from Circle, approximately 6.7 billion USDC were issued and 6.9 billion USDC were redeemed during the seven-day period ending September 10, resulting in a net decrease of 200 million in circulation. The total circulating supply of USDC stands at 74.1 billion, backed by 74.2 billion USD in reserves, which include 48.5 billion USD in overnight reverse repurchase agreements and 17.1 billion USD in Treasury bills with maturities under three months.