As of September 21 of 7 days,USDC circulation increased by approximately 300000000 tokens
BIBIBI
AT A GLANCE
As of September 21 within 7 days,USDC approximately issued 10100000000 tokens and approximately redeemed 9800000000 tokens, for a net increase in circulating supply of approximately 300000000 tokens.
Article
past 7 days USDC approximately increased in circulation by 300000000 tokens
PANews September 25 reported, citing official data, that as of September 21 approximately 7 days,Circle issued approximately 10100000000 USDC redeemed approximately 9800000000 USDC and circulation approximately increased by 300000000 tokens.USDC had a total circulating supply of 74600000000 tokens, with reserves of approximately 74800000000 USD; overnight reverse Treasury repurchase agreements accounted for approximately 41200000000 USD; Treasuries with maturities of less than 3 months accounted for approximately 26500000000 USD; deposits at systemically important institutions accounted for approximately 5900000000 USD; and deposits at other banks accounted for approximately 1200000000 USD。
PANews reported, citing official data, that as of September 21 of 7 days,Circle approximately issued 10100000000 tokens USDC。
02
During the same period, approximately 9800000000 tokens USDC were redeemed, with circulation increasing by approximately 300000000 tokens.
03
USDC had a total circulating supply of 74600000000 tokens, with reserves of approximately 74800000000 USD。
04
Reserves include approximately in overnight reverse Treasury repos 41200000000 USD, with maturities of less than 3 months, approximately 26500000000 USD。
05
Reserves also include approximately in deposits at systemically important institutions 5900000000 USD and approximately in deposits at other banks 1200000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This data set indicates that, during the stated 7 days, USDC issuance exceeded redemptions by approximately 300000000 tokens, resulting in an approximately 300000000-token increase in circulating supply. The report also listed the total circulating supply, total reserves, and reserve composition of USDC.
Why it matters to readers
Issuance, redemption, and circulating-supply data can be used to observe changes in the quantity of USDC during the reporting period; reserve data presents the asset composition described in the report.
Beginners should distinguish among “issuance,” “redemptions,” and “circulating supply”: issuance during this period was approximately 10100000000 tokens, while redemptions were approximately 9800000000 tokens, a difference of approximately 300000000 tokens, consistent with the reported increase in circulating supply.
Risks and unknowns
The material states that the data came from official sources, but does not provide Circle a link to the original data, so it cannot be independently verified.
The original text only says “as of September 21”, without specifying the year.
Based solely on these 7 days of data, it cannot be confirmed whether the change in circulating supply will continue.
Materials not provided USDC Price information is unavailable, so it is not possible to determine whether a price deviation exists.
Related Developments
Loading event timeline…
Related concepts
Circulating supply
This term is not in the glossary yet. Browse related concepts in the glossary.
In the crypto sector, this refers to generating new cryptocurrencies or tokens and, in accordance with the project's rules, putting them into circulation.
