USDC circulation has increased by approximately 600 million in the past seven days

On September 5, according to official data, in the seven days ending September 3, Circle issued approximately 11 billion USDC, redeemed approximately 10.4 billion USDC, and its circulation increased by approximately 600 million. The total circulation of the USDC is 74.6 billion pieces, and the reserves are approximately US$74.5 billion, of which approximately US$49.6 billion is reversed overnight treasury bonds repurchased; approximately US$14.5 billion is in treasury bonds with a maturity of less than 3 months; approximately US$9.6 billion is in deposits from systemically important institutions; and approximately US$800 million is in other bank deposits.