The USDC circulation decreased by approximately 700 million tokens in the past 7 days.

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Deep Tide TechFlow News, June 14th, Circle's latest disclosure shows that in the past 7 days ending June 11th, approximately 8.5 billion USDC were issued, while about 8.2 billion USDC were redeemed, resulting in a net decrease of approximately 700 million USDC in circulation.

Currently, the total circulating supply of USDC is about 74.8 billion, corresponding to a reserve asset scale of approximately 75 billion USD.

From the reserve structure perspective:

Overnight US Treasury repurchase agreement assets amount to about 44.7 billion USD;

US Treasury bonds with remaining maturities of less than 3 months amount to about 18.6 billion USD;

Systemically important bank institution deposits amount to about 11 billion USD;

Other bank deposits amount to about 700 million USD.

Overall, USDC's reserve assets are still mainly allocated to short-term US Treasury bonds and repurchase agreements, which together account for over 80% of the total reserves, continuing Circle's recent emphasis on high liquidity and low-risk asset allocation strategies.

In the stablecoin market, USDC remains the second-largest USD stablecoin globally, only behind Tether's USDT. As institutional funds continue to flow into on-chain financial markets, changes in stablecoin issuance and reserve structures have also become important indicators for market observation of capital flows and on-chain liquidity.

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