USDC reserves stand at approximately $74.5 billion, with circulating supply increasing by about 600 million tokens 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 tokens. Reserves stand at approximately $74.5 billion, comprising roughly $49.6 billion in overnight reverse repurchase agreements, approximately $14.5 billion in Treasury bills with maturities of less than 3 months, about $9.6 billion in deposits at systemically important institutions, and approximately $800 million in other bank deposits.