Gate News message, April 25 — In the seven days through April 23, Circle issued approximately 5.1 billion USDC while redeeming about 5.8 billion, resulting in a net decrease of 700 million USDC in circulation. Total USDC circulation stands at 78 billion, backed by approximately 78.2 billion in reserves.
Reserves are composed of overnight reverse repurchase agreements (RRPs) of approximately 47.2 billion; U.S. Treasury securities with maturities under three months of 19.4 billion; deposits at systemically important financial institutions (SIFIs) of 11 billion; and other bank deposits of 600 million.
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