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USDC Sees Net Reduction of $800 Million Between April 6 and 13

April 16 (Cointime) -  From April 6 to April 13, Circle issued a total of $400 million in USDC and redeemed $1.2 billion in USDC, resulting in a net reduction of approximately $800 million in circulation.

As of April 13, USDC had a total circulation of $31.9 billion and reserves of $32.1 billion. These reserves comprised $4.6 billion in cash and $27.4 billion in short-dated U.S. treasuries.

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