In the past 7 days, USDC circulation decreased by approximately 700 million, with a total circulation of 78 billion.

According to official data reported by ChainCatcher, in the 7 days leading up to April 23, Circle issued approximately 5.1 billion USDC and redeemed about 5.8 billion USDC, resulting in a decrease in circulation of roughly 700 million USDC. The total USDC in circulation is 78 billion, with reserves of around 78.2 billion US dollars. This includes approximately 47.2 billion US dollars in overnight reverse repo Treasury securities, about 19.4 billion US dollars in Treasuries with a maturity of less than 3 months, roughly 11 billion US dollars in systemically important institution deposits, and around 600 million US dollars in other bank deposits.