The circulating supply of USDC has decreased by approximately 700 million coins in the past 7 days.

CoinFeed reported on June 14th that, according to official data, in the seven days ending June 11th, Circle issued approximately 8.5 billion USDC and redeemed approximately 8.2 billion USDC, resulting in a decrease of approximately 700 million USDC in circulating supply. The total circulating supply of USDC is 74.8 billion, with reserves of approximately $75 billion, including approximately $44.7 billion from overnight reverse repurchase agreements; approximately $18.6 billion from Treasury bonds with maturities of less than three months; approximately $11 billion from systemically important institution deposits; and approximately $700 million from other bank deposits.