USDC Circulation Decreases by Approximately 300 Million Over Past Week

According to official data, Circle issued approximately 9.1 billion USDC and redeemed about 9.4 billion USDC in the seven days leading up to September 17, resulting in a net circulation decrease of 300 million. The total circulating supply of USDC stands at 73.8 billion, backed by 74 billion USD in reserves, including 40.7 billion USD in overnight reverse repurchase agreements and 25.7 billion USD in short-term Treasury bills.