The USDC stablecoin recorded a notable increase in its circulating supply over the past seven days, signaling continued demand for stable liquidity across digital asset markets.
According to official data released by Circle as of April 16, the company issued approximately $5.9 billion in USDC while redeeming around $5.5 billion, resulting in a net increase of roughly $400 million.
This brought the total circulating supply to approximately $78.6 billion, backed by total reserves of about $78.8 billion, reflecting the issuer’s ongoing commitment to full asset backing.
Reserve composition shows a heavy allocation to low-risk instruments, including around $46.3 billion in overnight reverse repurchase agreements, $20.9 billion in short-term U.S. Treasury bills, approximately $11 billion in deposits with systemically important financial institutions, and about $600 million in other bank deposits.
The expansion comes amid heightened market volatility, reinforcing the role of stablecoins as a critical tool for liquidity management and hedging within the digital financial ecosystem.