According to information from Coin World, within the 7 days as of June 25, USDC circulation decreased by approximately 1.1 billion coins, with total circulation at 73.6 billion coins. During this period, Circle issued about 6 billion USDC and redeemed about 7.1 billion USDC. USDC reserves are approximately $73.9 billion, of which overnight reverse repo purchases are about $52.2 billion, treasury bonds with maturities of less than 3 months are about $10 billion, deposits from systemically important institutions are about $11 billion, and other bank deposits are about $700 million.

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AirdropEtiquette
· 4h ago
73.9B reserves correspond to 73.6B in circulation, barely a 1:1 coverage, the buffer is a bit tight.
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MoonlightMarketMaking
· 6h ago
Redemption volume exceeds issuance, circulation shrinks by 1.1 billion, the market is voting with its feet.
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MetalRoboticArm
· 6h ago
Circle's reserve structure is quite stable, with $52.2 billion in overnight reverse repo as a foundation, providing a thick liquidity cushion.
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GateUser-53a6e1a8
· 6h ago
73.6B circulating supply looks large, but 1.1 billion evaporated in 7 days, the stablecoin track is also reshuffling.
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