USDC Circulating Supply Drops 100M Tokens Amid Net Redemption Flow

Circle redeemed 6.4B USDC against 6.3B issuance in seven days, reducing circulation by 100M. Total supply stands at 71.8B with $72B in reserves.

Woofun AI data shows that Circle Internet Group issued approximately 6.3 billion USDC while redeeming around 6.4 billion tokens during the seven-day period ending August 6. This net outflow reduced the circulating supply by roughly 100 million USDC. The total USDC supply remains at 71.8 billion, backed by reserves totaling approximately $72 billion. These reserves include about $51.8 billion in overnight reverse Treasury repo transactions, $9 billion in Treasury bonds maturing within three months, $10 billion in deposits from systemically important institutions, and $1.2 billion in other bank deposits.