USDC Circulation Falls by About 1.3 Billion in 7 Days to 67.9 Billion

USDC’s circulating supply fell by about 1.3 billion over the seven days through November 12, leaving 67.9 billion in circulation. According to Odaily, Circle issued about 10.8 billion USDC and redeemed about 12.1 billion during the period. USDC reserves totaled about $68.1 billion, including approximately $39.9 billion in overnight reverse Treasury repurchase agreements, $20.1 billion in Treasury securities with maturities under three months, $7.4 billion in deposits at systemically important institutions and $600 million in deposits at other banks.