The circulating supply of USDC increased by about 1.2 billion tokens over the past seven days.

Circle Issued 4.9B USDC, Redeemed 3.7B in Past Week

In the seven days through April 9th, Circle issued about 4.9 billion USDC and redeemed roughly 3.7 billion, boosting net circulation by about 1.2 billion tokens.

Total USDC in circulation now stands at 78.3 billion. Reserves come to roughly $78.4 billion, including about $43 billion in overnight reverse repo agreements, roughly $23.8 billion in Treasury bills with maturities under three months, about $11.1 billion in deposits at systemically important institutions, and roughly $600 million in other bank deposits.