Catalog / Rates, Plumbing & Crypto / Data feed
Rates, Plumbing & Crypto · daily ban:none tA

USDC supply & Circle reserve composition

Total USDC circulating supply, and % held in Treasury bills/repo per monthly attestation

Feed detail
Measures
Total USDC circulating supply, and % held in Treasury bills/repo per monthly attestation
Source
circle.com/en/usdc (transparency page) + Etherscan USDC contract totalSupply()
Access
onchain
Cadence
dailyupdates once a day
Thesis
USDC mint/redeem is the cleanest institutional-flow proxy since Circle only mints on verified fiat wire receipt (unlike opaque offshore Tether issuance)
Maps to
institutional crypto demand, stablecoin market share war (vs USDT)
Crowdedness
contested
Tier
tA
Ban-risk
ban:none
Where this stands

This is a catalogued data feed with a research idea attached, not a validated edge. Being listed here means it has a specific source and a one-sentence causal mechanism mapped to what it should move — it doesn’t mean it has cleared the five-stage validation gate (point-in-time hygiene, out-of-sample holdout, multiple-testing correction, and the portfolio-layer backstop). As of today, every score on this site is prior-only; zero signals in the catalog have been promoted to “measured” status. See the methodology page for the full validation process and current counts.

Browse the rest of Rates, Plumbing & CryptoMoney-market plumbing, funding rates, and on-chain signals — the internals of rates and crypto, not just the headline levels.