PANews reported on June 7th that, according to official data, in the seven days ending June 4th, Circle issued approximately 7.7 billion USDC and redeemed approximately 8.3 billion USDC, resulting in a decrease of approximately 600 million USDC in circulating supply. The total circulating supply of USDC is 75.5 billion, with reserves of approximately $75.7 billion, including approximately $43.8 billion from overnight reverse repurchase agreements; approximately $20.1 billion from Treasury bonds with maturities of less than three months; approximately $11.1 billion from systemically important institution deposits; and approximately $700 million from other bank deposits.