[Breaking News] Circle USDC: Circulation decreased by US$300 million in 7 days, reserves exposed!

According to official data, in the past seven days, #Circle issued a total of $800 million of $USDC , but at the same time $1.1 billion of USDC was redeemed, resulting in a reduction of approximately $300 million in circulation.

As of June 15, USDC had a total circulating supply of $28.2 billion and reserves of $28.3 billion.

Among them, cash reserves reached US$3.5 billion and overnight repurchase agreement reserves reached US$24.8 billion.

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