TREE NEWS reports: Circle issued about 11B USDC and redeemed 10.4B USDC in the week through September 3, increasing circulation by roughly 600M coins. Total USDC supply stands at 74.6B, backed by reserves of about $74.5B, including $49.6B in overnight reverse repo and $14.5B in Treasury bills.
USDC circulation up ~600M in past 7 days
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AI take
The weekly issuance/redeem spread shows net demand for dollar-denominated stablecoin exposure, a signal that liquidity is rotating into on-chain venues rather than leaving. With reserves tightly backing supply, the growth is organic, not leverage-driven, which matters for counterparty confidence across DeFi and trading pairs. The split between repo and T-bills highlights Circle's yield strategy; whether this pace persists into softer rate expectations is the open question.
Generated by AI for reference only.
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