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Circle Announces Issuance of 4.8 Billion USDC in Seven Days
Circle has just announced notable fluctuations in the circulating supply of USDC stablecoin over the past seven days. According to PANews, official data shows that on January 21, Circle issued approximately 4.8 billion USDC while redeeming about 6.2 billion USDC, resulting in a net decrease of 1.4 billion USDC in circulation.
Details of Issuance and Redemption Flows
Data from January 21 clearly reflects Circle’s management of USDC supply. With an issuance of 4.8 billion units but a redemption of 6.2 billion units, it appears that redemption demand exceeded issuance, leading to a net reduction of 1.4 billion USDC. This adjustment indicates market volatility and changing demand for this stablecoin. As of the report date, the total circulating USDC stands at 74.4 billion units, showing that USDC still maintains a significant position in the stablecoin market.
USDC Reserve Structure Strengthened
The entire circulating supply of 74.4 billion USDC is backed by reserves totaling 74.5 billion USD, ensuring a 1:1 reserve ratio. This reserve structure includes diverse components: approximately 47.8 billion USD in overnight reverse repurchase agreements (RRPO), 16 billion USD in U.S. Treasury bonds with maturities under three months, 9.9 billion USD in deposits at systemically important institutions, plus about 800 million USD in other bank deposits. This allocation demonstrates that Circle has implemented a balanced reserve management strategy, combining short-term money market instruments and safe deposits to maintain stability and reliability of USDC within the global financial system.