USDC supply shrinks by $200M over past week as redemptions top issuance
AI Market Summary
Circle's weekly USDC data show ~$6.9B redeemed versus ~$6.7B issued, shrinking circulation by about $200M to $74.1B. The reserve mix remains heavily concentrated in short-duration U.S. government exposure (ON RRP and <3-month T-bills) plus bank deposits, reinforcing liquidity and credit quality signals. Near-term market impact is mainly stablecoin liquidity/marginal leverage availability rather than directional risk sentiment.
Impact level
● Low
AI InsightAI Insight
● Neutral
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PANews, Sept. 13 — Circle data show that in the seven days through Sept. 10, the company issued about $6.7 billion of USDC and redeemed roughly $6.9 billion, cutting net circulation by around $200 million. USDC's total circulating supply stands at $74.1 billion, backed by approximately $74.2 billion in reserves. The reserves include $48.5 billion in overnight reverse repurchase agreements on U.S. Treasuries, $17.1 billion in U.S. Treasuries maturing in under three months, $7.9 billion in deposits at systemically important institutions, and $700 million in other bank deposits.
