USDC circulation has increased by approximately 400 million coins in the past 7 days

According to official data, in the seven days ending March 19th, Circle issued approximately 5.2 billion USDCs, redeemed approximately 4.8 billion USDCs, and had a net increase in circulation of approximately 400 million USDCs. At present, the total circulation of the USDC is 79.1 billion pieces, and the total reserves are about 79.4 billion dollars, including about 45.3 billion dollars in overnight reverse repurchase agreements, about 21.7 billion dollars in treasury bond with a maturity of less than three months, about 11.8 billion dollars in deposits of systemically important institutions, and about 600 million dollars in deposits of other banks.