In the 7 days through November 12, Circle issued approximately 10.8 billion USDC and redeemed approximately 12.1 billion, reducing the circulating supply by approximately 1.3 billion.
The total circulating supply of USDC is 67.9 billion, with reserves of approximately $68.1 billion, including approximately $39.9 billion in overnight reverse Treasury repurchase agreements, $20.1 billion in Treasury securities with maturities of less than 3 months, $7.4 billion in deposits at systemically important institutions, and $600 million in deposits at other banks.
· The difference between issuance and redemptions is directly reflected in the circulating supply; these figures describe only the change in scale.
Would you look first at the week-over-week change in circulating supply, or the reserve composition?
$USDC
The total circulating supply of USDC is 67.9 billion, with reserves of approximately $68.1 billion, including approximately $39.9 billion in overnight reverse Treasury repurchase agreements, $20.1 billion in Treasury securities with maturities of less than 3 months, $7.4 billion in deposits at systemically important institutions, and $600 million in deposits at other banks.
· The difference between issuance and redemptions is directly reflected in the circulating supply; these figures describe only the change in scale.
Would you look first at the week-over-week change in circulating supply, or the reserve composition?
$USDC
