USDC Circulation Increased by Approximately 1 Billion Coins Over Past 7 Days

August 29 news, according to official data, in the 7 days ending August 27, Circle issued approximately 11.2 billion USDC and redeemed approximately 10.2 billion USDC, with circulation increasing by about 1 billion coins. Total USDC circulation stands at 73.7 billion coins, with reserves of approximately $74 billion, including about $49.6 billion in overnight reverse repurchase agreements with the Treasury; approximately $13.2 billion in Treasury bonds with maturities of less than 3 months; about $10.5 billion in deposits at systemically important institutions; and approximately $700 million in deposits at other banks.