The circulating supply of Circle (USDC) has decreased by 500 million over the past 7 days, bringing the total circulating supply to 72 billion.

In the seven days ending October 22, Circle issued approximately 12.8 billion USDC and redeemed approximately 13.3 billion USDC, reducing the circulating supply by approximately 500 million USDC. The total circulating supply of USDC is 72 billion USDC, with reserves of approximately $72.2 billion, including approximately $36.1 billion in overnight reverse repurchase agreements, approximately $25.9 billion in Treasury bonds with maturities of less than three months, approximately $9 billion in systemically important institution deposits, and approximately $700 million in other bank deposits.