Past 7 days USDC circulating supply decreased by approximately 500000000 tokens
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AT A GLANCE
As of October 22, over the 7 days,USDC redemptions exceeded issuances, and circulating supply decreased by approximately 500000000 tokens.
Article
Past 7 days USDC circulating supply decreased by approximately 500000000 tokens
PANews October 24 reported that, according to official data, as of October 22 over the 7 days, Circle issued approximately 12800000000 USDC and redeemed approximately 13300000000 USDC, with circulating supply decreasing by approximately 500000000 tokens.USDC total circulating supply was 72000000000 tokens, and reserves were approximately 72200000000 USD, including approximately 36100000000 USD in overnight reverse Treasury repurchase agreements; approximately 3 in Treasury securities with maturities of less than 25900000000 USD months; approximately 9000000000 USD in deposits at systemically important institutions; and approximately 700000000 USD。
As of October 22, over the 7 days, Circle issued approximately 12800000000 tokens USDC and redeemed approximately 13300000000 tokens USDC。
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USDC Circulating supply decreased by approximately 500000000 tokens, with total circulating supply at 72000000000 tokens.
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Reserves were approximately 72200000000 USD, including approximately 36100000000 USD in overnight reverse Treasury repurchase agreements, approximately 25900000000 USD in Treasury securities with maturities of less than 3 months, approximately 9000000000 USD in deposits at systemically important institutions, and approximately 700000000 USD in other bank deposits.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
You can understand USDC as a digital currency related to USD. During this period, redemptions exceeded issuances by approximately 500000000 tokens; therefore, the amount of USDC in circulation decreased by approximately 500000000 tokens.
Why it matters to readers
Issuances, redemptions, circulating supply, and reserve composition can be used to observe USDC changes in scale and its reserve status.
Beginners should focus on the difference between issuance volume and redemption volume, as well as the two sets of data for circulating supply and reserves.
Risks and unknowns
The original text states that the data came from official sources but does not provide a link to Circle's original official data.
It is currently impossible to determine from this material alone whether circulating supply will continue to decline.
The original text does not state whether USDC experienced a depeg or abnormal secondary-market liquidity.
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Related concepts
Issuance volume
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