[USDC Circulation Decreases by Approximately 300 Million in 7 Days]
According to official data, over the past 7 days as of January 8, Circle issued approximately 5.4 billion USDC and redeemed approximately 5.7 billion USDC, resulting in a circulation decrease of about 300 million USDC. The total circulation of USDC stands at 74.9 billion, with total reserves of approximately $75 billion. Among these reserves, U.S. Treasury securities in overnight reverse repurchase agreements amount to approximately $50.7 billion, Treasury securities with maturities of less than 3 months amount to approximately $13.7 billion, deposits at systemically important institutions amount to approximately $9.9 billion, and other bank deposits amount to approximately $700 million.