Circle's USDC stablecoin saw a reduction of approximately 600 million tokens in circulation over the past week. Official data reveals that from May 28 to June 4, Circle issued around 7.7 billion USDC while redeeming about 8.3 billion USDC. The total USDC circulation now stands at 75.5 billion tokens. Circle's reserves include approximately $75.7 billion, with $43.8 billion in overnight reverse repos, $20.1 billion in Treasury bills with maturities under three months, $11.1 billion in deposits at systemically important institutions, and $700 million in other bank deposits.
USDC Circulation Drops by 600 Million in a Week
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