USDC circulation decreases by roughly 1.1 billion coins in one week

In the week ending December 29th, Circle issued 4.6 billion USDC while redeeming 5.7 billion, resulting in a net decrease of 1.1 billion USDC in circulation.

The total circulating supply of USDC is 75.9 billion, backed by reserves of approximately 76.3 billion USD, including diverse assets like Treasury bonds and bank deposits.