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Circle mints $5.4 billion USDC, lifting circulating supply by 100 million through Aug. 13

AI Market Summary
Circle's latest weekly disclosure shows USDC gross issuance (~$5.4B) largely offset by redemptions (~$5.3B), leaving a modest ~$100M net supply increase to ~71.9B. The reserve mix remains heavily weighted to overnight reverse repos and short-dated U.S. Treasurys, reinforcing liquidity and low duration risk. Near-term market impact is mainly around stablecoin funding conditions rather than directional crypto price sensitivity.
Impact level
● Low
Affected assets
BTC/USDT-0.33%
AI Insight · BTC/USDTAI Insight
● Neutral
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Circle issued about 5.4 billion USDC and redeemed about 5.3 billion USDC in the seven days through Aug. 13. The net increase was about 100 million tokens, bringing total USDC circulation to 71.9 billion tokens, according to ChainCatcher. Reserves were about $72.6 billion. The reserve assets were mainly held in overnight reverse repurchase agreements, short-dated U.S. Treasurys, and bank deposits.
USDC
USDC+0.00%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
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