In the past 7 days, the circulation of USDC has decreased by about 700 million, with a total circulation of 78 billion

According to official data, in the 7 days ending April 23, Circle issued approximately 5.1 billion USDC, redeemed about 5.8 billion USDC, and the circulation decreased by approximately 700 million. The total circulation of USDC is 78 billion, with reserves of about 78.2 billion USD, including overnight reverse repos of about 47.2 billion USD; Treasury bills with maturities of less than 3 months of about 19.4 billion USD; deposits from systemically important institutions of about 11 billion USD; and other bank deposits of about 600 million USD.