[Circle's USDC Circulation Decreased by Approximately 1.3 Billion in the Past 7 Days]
In the 7 days ending December 18, Circle issued approximately 4.7 billion USDC and redeemed approximately 6 billion USDC, resulting in a circulation decrease of about 1.3 billion. The total circulation of USDC stands at 77.2 billion, with reserves of approximately $77.5 billion. Among these reserves, overnight reverse repo agreements account for approximately $53.3 billion, Treasury bills with maturities of less than 3 months account for approximately $14.3 billion, deposits at systemically important institutions account for approximately $9.2 billion, and other bank deposits account for approximately $700 million.