The circulating supply of USDC has decreased by approximately 1.3 billion coins in the past 7 days.

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According to official data Odaily by Odaily, in the seven days ending December 18th, Circle issued approximately 4.7 billion USDC and redeemed approximately 6 billion USDC, resulting in a decrease of approximately 1.3 billion USDC in circulation. The total circulating supply of USDC is 77.2 billion, with reserves of approximately $77.5 billion, including approximately $53.3 billion from overnight reverse repurchase agreements; approximately $14.3 billion from Treasury bonds with maturities of less than three months; approximately $9.2 billion from systemically important institution deposits; and approximately $700 million from other bank deposits.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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