USDC Circulation Falls by About 1.3 Billion Over Past 7 Days to 67.9 Billion Total

November 15: According to official data, in the 7 days ending November 12, Circle issued about 10.8 billion USDC and redeemed about 12.1 billion USDC, with circulation decreasing by about 1.3 billion. Total USDC circulation is 67.9 billion, and reserves are about $68.1 billion, including about $39.9 billion in overnight reverse Treasury repurchase agreements; about $20.1 billion in Treasury securities with maturities of less than 3 months; about $7.4 billion in deposits at systemically important institutions; and about $600 million in other bank deposits.