TechFlow News: According to official data released on April 5, over the seven days ending April 2, Circle issued approximately $5.9 billion in USDC and redeemed approximately $6.7 billion in USDC, resulting in a net reduction of about $800 million in circulating supply. The total USDC circulating supply stands at $77.1 billion, with reserves totaling approximately $77.2 billion—comprising approximately $43.9 billion in overnight reverse repurchase agreements (RRPs) backed by U.S. Treasury securities; approximately $20.3 billion in Treasury securities maturing within three months; approximately $12.4 billion held as deposits at systemically important financial institutions; and approximately $600 million in deposits at other banks.
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