coin-img-ESPESP-6.63%coin-img-ETHETH-0.65%coin-img-BTCBTC+0.95%coin-img-SOLSOL+4.07%coin-img-XRPXRP+12.78%coin-img-DOGEDOGE+16.90%coin-img-USDCUSDC-0.01%coin-img-POKEEPOKEE-17.75%coin-img-ESPESP-6.63%coin-img-ETHETH-0.65%coin-img-BTCBTC+0.95%coin-img-SOLSOL+4.07%coin-img-XRPXRP+12.78%coin-img-DOGEDOGE+16.90%coin-img-USDCUSDC-0.01%coin-img-POKEEPOKEE-17.75%coin-img-ESPESP-6.63%coin-img-ETHETH-0.65%coin-img-BTCBTC+0.95%coin-img-SOLSOL+4.07%coin-img-XRPXRP+12.78%coin-img-DOGEDOGE+16.90%coin-img-USDCUSDC-0.01%coin-img-POKEEPOKEE-17.75%coin-img-ESPESP-6.63%coin-img-ETHETH-0.65%coin-img-BTCBTC+0.95%coin-img-SOLSOL+4.07%coin-img-XRPXRP+12.78%coin-img-DOGEDOGE+16.90%coin-img-USDCUSDC-0.01%coin-img-POKEEPOKEE-17.75%

Circle Issues $8.4B USDC, Redeems $5.8B in Week to Feb. 12

Circle issued approximately $8.4 billion in USDC and redeemed approximately $5.8 billion in the seven days ending Feb. 12, increasing circulating supply by about $2.6 billion, ChainCatcher reports. USDC's total circulation stands at $73.1 billion, backed by reserves of approximately $73.4 billion: about $42.9 billion in overnight U.S. Treasury reverse repos, about $19.8 billion in U.S. Treasuries maturing within three months, about $10.1 billion in deposits at systemically important institutions, and about $600 million in other bank deposits.
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