USDC reserves stand at approximately $74.5 billion, with circulation increasing by about 600 million coins over the past 7 days

Odaily News: In the 7 days ending September 3, Circle issued approximately 11 billion USDC and redeemed approximately 10.4 billion USDC, bringing total USDC circulation to 74.6 billion coins. Reserves stand at approximately $74.5 billion, comprising around $49.6 billion in overnight reverse repurchase agreements, approximately $14.5 billion in Treasury bills with maturities under 3 months, about $9.6 billion in deposits at systemically important institutions, and roughly $800 million in other bank deposits.