USDC Circulation Decreases by About 800 Million Over Past 7 Days

October 31 — According to official data, in the 7 days through October 29, Circle issued about 10.9 billion USDC and redeemed about 11.7 billion USDC, with circulation decreasing by about 800 million. Total USDC in circulation stands at 70 billion, and reserves are about $71.4 billion, of which about $32.9 billion is in overnight reverse Treasury repurchase agreements; about $27.5 billion in Treasury securities with maturities of less than 3 months; about $10.4 billion in deposits at systemically important institutions; and about $600 million in deposits at other banks.