USDC circulating supply increased by approximately 400 million in the past 7 days.
PANews March 21st news, according to official data, within the 7 days ending March 19th, Circle issued approximately 5.2 billions USDC and redeemed about 4.8 billions USDC, resulting in a net increase of around 400 millions USDC in circulation. The total circulating supply of USDC is 79.1 billions, with reserves of about 79.4 billions USD. Among these reserves, overnight reverse repo in US Treasury bonds is approximately 45.3 billions USD; Treasury bonds with maturities less than 3 months are about 21.7 billions USD; deposits at systemically important institutions are around 11.8 billions USD; and other bank deposits are about 600 millions USD.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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