In the past 7 days, the circulation of USDC has decreased by about 700 million pieces, with a total circulation of 74.8 billion pieces

As of June 11th, Circle issued approximately 8.5 billion USDC and redeemed approximately 8.2 billion USDC within 7 days, resulting in a decrease of approximately 700 million coins in circulation. The total circulation of the USDC is 74.8 billion pieces, and the reserve is about $75 billion, of which the overnight reverse treasury bond bond repurchase is about $44.7 billion, the treasury bond with a maturity of less than three months is about $18.6 billion, the deposits of systemically important institutions are about $11 billion, and the deposits of other banks are about $700 million.