$USDC Circle claims that USDC is fully backed by cash, short-term U.S. Treasury bills, and overnight repurchase agreements of U.S. Treasury bills with leading global banks. Monthly audits are conducted by Deloitte. In the recent week ending June 6, 2025, the circulation of USDC increased by approximately 800 million, reflecting sustained demand.

USDC Treasury recently burned 75 million USDC tokens on the Ethereum blockchain, indicating strategic asset management.$USDC