Data: The circulation of USDC has decreased by approximately 1.4 billion in the past 7 days

According to official data, as of January 21, Circle issued approximately 4.8 billion USDC and redeemed about 6.2 billion USDC, resulting in a decrease of approximately 1.4 billion in circulation. The total circulation of USDC is 74.4 billion, with reserves of about 74.5 billion USD, including overnight reverse repurchase agreements of approximately 47.8 billion USD; Treasury bonds with maturities of less than 3 months amounting to about 16 billion USD; deposits from systemically important institutions of about 9.9 billion USD; and other bank deposits of about 800 million USD.