Over the past 7 days, USDC circulation increased by approximately 1 billion coins, with Circle issuing 11.2 billion and redeeming 10.2 billion

Odaily News: In the 7 days ending August 27, Circle issued approximately 11.2 billion USDC and redeemed approximately 10.2 billion USDC, resulting in a net increase of about 1 billion coins in circulation. 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 U.S. Treasury, approximately $13.2 billion in Treasury bills 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.