USDC circulating supply decreased by about 800 million over the past 7 days

PANews reported on October 11 that, according to official data, in the 7 days ending October 8, Circle issued approximately 9.7 billion USDC and redeemed approximately 10.5 billion USDC, with circulating supply decreasing by about 800 million. The total USDC circulating supply is 73 billion, with reserves of approximately $73.2 billion, including about $36.3 billion in overnight reverse repurchase agreements; about $26.9 billion in Treasury bills with maturities of less than 3 months; about $9.3 billion in deposits at systemically important institutions; and about $700 million in deposits at other banks.