Within the 7 days up to August 27, Circle issued about 11.2 billion USDC, redeemed about 10.2 billion, and increased the circulating supply by about 1 billion. Total USDC circulation is 73.7 billion, with reserves of about $74.0 billion, including overnight reverse repo of about $49.6 billion, Treasury bills with maturities less than 3 months of about $13.2 billion, deposits from systemically important institutions of about $10.5 billion, and other bank deposits of about $0.7 billion.