USDC circulation increased by 400 million pieces in 7 days, reaching a total of 78.6 billion pieces

According to official data, in the seven days ending April 16th, Circle issued approximately 5.9 billion USDCs, redeemed approximately 5.5 billion USDCs, and increased circulation by approximately 400 million USDCs. The total circulation of the USDC is 78.6 billion pieces, and the reserve is about 78.8 billion dollars, of which the overnight reverse repurchase agreement is about 46.3 billion dollars, the treasury bond with a maturity of less than three months is about 20.9 billion dollars, the deposits of systemically important institutions are about 11 billion dollars, and the deposits of other banks are about 600 million dollars.