76.5 billion in circulation versus 76.7 billion in reserves, 48.3 billion parked in overnight reverse repurchase agreements—this liquidity allocation is more conservative than my family’s investment 😂

ME News: As of May 14, within the past 7 days, Circle issued approximately 5.4 billion USDC, redeemed about 7.1 billion USDC, resulting in a net decrease of approximately 1.7 billion USDC in circulation. The total circulation of USDC is 76.5 billion tokens, with reserves of about $76.7 billion, including overnight reverse repurchase agreements of $48.3 billion, Treasury bonds with less than 3 months to maturity worth $16.1 billion, systemically important institution deposits of $11.9 billion, and other bank deposits of $500 million. Source: PANews.