The circulating supply of USDC has decreased by approximately 600 million coins in the past 7 days.

CoinFeed reported on June 7th that, according to official data, in the seven days ending June 4th, Circle issued approximately 7.7 billion USDC and redeemed approximately 8.3 billion USDC, resulting in a decrease of approximately 600 million USDC in circulation. The total circulating supply of USDC is 75.5 billion, with reserves of approximately $75.7 billion, including approximately $43.8 billion in overnight reverse repurchase agreements; approximately $20.1 billion in Treasury bonds with maturities of less than three months; approximately $11.1 billion in systemically important institution deposits; and approximately $700 million in other bank deposits.