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In the seven days leading up to November 12, Circle issued approximately 10.8 billion USDC, redeemed approximately 12.1 billion USDC, and reduced the circulating supply by approximately 1.3 billion tokens. The total circulating supply of USDC is 67.9 billion, with reserves of approximately $68.1 billion. This includes approximately $39.9 billion in overnight reverse repurchase agreements, approximately $20.1 billion in Treasury bonds with maturities of less than 3 months, approximately $7.4 billion in systemically important institution deposits, and approximately $600 million in other bank deposits.