past 7 days USDC circulating supply decreased by approximately 800000000 tokens
BIBIBI
AT A GLANCE
In the past 7 days USDC redemptions exceeded issuances by approximately 800000000 tokens, and circulating supply fell to approximately 73000000000 tokens.
Article
past 7 days USDC circulating supply decreased by approximately 800000000 tokens
PANews October 11 reported that, according to official data, as of October 8’s 7-day period, Circle issued approximately 9700000000 USDC and redeemed approximately 10500000000 USDC, resulting in an approximately 800000000-token decrease in circulating supply.USDC’s total circulating supply was 73000000000 tokens, with reserves of approximately 73200000000 USD in overnight reverse Treasury repos; 36300000000 USD-month Treasury bills approximately 3 months approximately 26900000000 USD in deposits at systemically important institutions approximately 9300000000 USD; other bank deposits approximately 700000000 USD。
As of October 8, during the 7-day period, Circle issued approximately 9700000000 tokens USDC。
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During the same period, approximately 10500000000 tokens were redeemed USDC, and circulating supply decreased by approximately 800000000 tokens.
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USDC Total circulating supply was approximately 73000000000 tokens, and reserves were approximately 73200000000 USD。
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Reserves included approximately 36300000000 USD in overnight reverse Treasury repos, approximately 26900000000 USD-month Treasury bills, approximately 3 months, approximately 9300000000 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.
Issuances are newly created USDC, while redemptions are USDC exchanged back and removed from circulation. When redemptions exceed issuances, the amount of USDC in circulation decreases.
Why it matters to readers
Changes in circulating supply can reflect USDC short-term changes in supply, while the reserve composition shows the asset categories disclosed in the material.
This indicates that during this 7-day period, the amount of USDC in the market decreased, but the material alone does not establish the specific reasons or subsequent impact.
Risks and unknowns
The material states that the data came from official data, but does not provide the official source page; the figures still require further verification.
The material does not explain the specific reason for the decrease in USDC circulating supply.
The material does not state whether issuances, redemptions, or circulating supply will continue to change.
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USDC
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