USDC Circulating Supply Falls by About 800M to 69.2B Over Past 7 Days

November 7: According to official data, in the 7 days ending November 5, Circle issued about 12.7 billion USDC and redeemed about 13.5 billion USDC, with circulating supply decreasing by about 800 million. Total USDC circulating supply is 69.2 billion, and reserves are about $70.5 billion, of which about $36.6 billion is in overnight reverse Treasury repo; about $23.3 billion in Treasury securities maturing in less than 3 months; about $9.9 billion in deposits at systemically important institutions; and about $800 million in deposits at other banks.