Circle's USDC circulation decreased by 3.4 billion tokens within a week

PANews January 31 News, according to official data, as of January 29, within 7 days, Circle issued approximately 5.2 billion USDC, redeemed about 8.6 billion USDC, and the circulating supply decreased by approximately 3.4 billion tokens. The total circulating supply of USDC is 70.2 billion tokens, with a reserve of approximately 70.3 billion USD, including overnight reverse repurchase agreements of about 41.2 billion USD; Treasury bills with maturities of less than 3 months amount to approximately 18.8 billion USD; systemically important institution deposits are about 9.4 billion USD; other bank deposits are approximately 1 billion USD.

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