The circulating supply of USDC has decreased by approximately 1.1 billion coins in the past 7 days.

PANews reported on March 29 that, according to official data, in the seven days ending March 26, Circle issued approximately 3.8 billion USDC and redeemed approximately 4.9 billion USDC, resulting in a decrease of approximately 1.1 billion USDC in circulation. The total circulating supply of USDC is 78 billion, with reserves of approximately $78.2 billion, including approximately $44.1 billion from overnight reverse repurchase agreements; approximately $22.4 billion from Treasury bonds with maturities of less than three months; approximately $11.1 billion from systemically important institution deposits; and approximately $600 million from other bank deposits.