TREE NEWS reports: Circle issued about $9.7 billion in USDC and redeemed about $10.5 billion in the seven days through Oct. 8, cutting circulation by roughly 800 million tokens. Total USDC in circulation stands at 73 billion, backed by about $73.2 billion in reserves, including $36.3 billion in overnight reverse Treasury repo, $26.9 billion in Treasuries maturing in under three months, $9.3 billion in deposits at systemically important institutions and $700 million at other banks.
USDC Circulation Falls About 800M in Week Ended Oct. 8
Related Coin Charts
AI take
The weekly net redemption is modest against a $73 billion base, but the composition of reserves is the more telling detail: nearly all backing sits in overnight repo, short-dated Treasuries and deposits at systemically important banks, leaving only a small slice at other institutions. That structure limits duration and counterparty exposure, which matters for how USDC behaves when redemptions spike. Whether the contraction reflects routine treasury management or a broader shift in stablecoin demand is the open question.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
3h ago
Binance to Restore Phase One Withdrawals on Nov 1, 2026
6h ago
Binance Says It Has Recovered 90% of Stolen Assets
6h ago
Trump Says He Is Looking Into Binance, Not Concerned About It
9h ago
FBI: North Korea Behind Over $6B Binance Hack
11h ago
Name.com says 15 customer domains hijacked, all now restored; 10 linked to Vercel
12h ago
Jupiter Lend USDC Withdrawal Liquidity Rebounds to $27.9M