USDC Circulation Surpasses 73 Billion Following 2.6 Billion Net Issuance

Circle reports a net increase in supply for the week ending February 12, supported by $73.4 billion in reserves comprising U.S. Treasuries and repurchase agreements.

USDC

59d ago

Summary

Circle reported a net increase of 2.6 billion USDC in circulation for the week ending February 12, following 8.4 billion in issuances and 5.8 billion in redemptions. Total USDC circulation reached 73.1 billion, backed by $73.4 billion in reserves including U.S. Treasury bills and repurchase agreements.

Terms & Concepts

USDC: A widely used stablecoin issued by Circle that is pegged 1:1 to the U.S. dollar, designed to maintain a stable value.
Reverse Repos: Short-term agreements to sell securities and repurchase them at a higher price, used by institutions to secure short-term liquidity and yield.
Treasury Bills: Short-term government debt securities issued by the U.S. Department of the Treasury, considered highly liquid and safe assets.