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The USDC circulation volume has decreased by approximately 1.7 billion tokens in the past 7 days.

MeNews
robot
Abstract generation in progress
ME News Report, May 16 (UTC+8), according to official data, as of May 14, over the past 7 days, Circle issued approximately 5.4 billion USDC, redeemed about 7.1 billion USDC, and the circulating supply decreased by approximately 1.7 billion tokens. The total circulating supply of USDC is 76.5 billion tokens, with reserves of about $76.7 billion, including approximately $48.3 billion in overnight reverse repurchase agreements; about $16.1 billion in Treasury bonds with less than 3 months to maturity; systemically important institution deposits of approximately $11.9 billion; and other bank deposits of about $500 million. (Source: PANews)
USDC0.01%
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DegenWithNotebook
· 57m ago
Short-term government bonds less than 3 months amount to 16.1 billion, with very conservative liquidity management
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MorningLightInAGlassBottle
· 3h ago
PANews's data source, its credibility is acceptable.
View OriginalReply0
FomoLibrarian
· 3h ago
I check this data once a week; it feels more interesting than watching the coin prices.
View OriginalReply0
SlippageAfterTheRain
· 3h ago
In 7 days, a net reduction of 1.7 billion, is DeFi pulling back?
View OriginalReply0
GateUser-28f37882
· 3h ago
Reverse repurchase agreements of 48.3 billion, the Fed's policy changes cause these yields to fluctuate
View OriginalReply0
VelvetValidator
· 4h ago
Circle's reserve structure is quite stable, with over half of it in overnight reverse repurchase agreements.
View OriginalReply0
Stop-LossIsLikeAConfession
· 4h ago
The circulation volume has decreased, but reserves are slightly above, arbitrage opportunity?
View OriginalReply0
GovernanceGremlin
· 4h ago
Net redemptions of 1.7 billion, liquidity is tightening
View OriginalReply0

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