#usdc #

According to ChainCatcher, official data shows that over the 7-day period ending February 12, Circle issued approximately $8.4 billion in USDC and redeemed approximately $5.8 billion in USDC, resulting in a net increase of about $2.6 billion in circulation. The total circulating supply of USDC is $73.1 billion, with reserves totaling approximately $73.4 billion, comprising approximately $42.9 billion in overnight reverse repurchase agreements on U.S. Treasuries, approximately $19.8 billion in U.S. Treasuries with maturities under three months, approximately $10.1 billion in deposits at systemically important institutions, and approximately $600 million in other bank deposits.