Circle releases information on changes in USDC circulation and the composition of its reserve assets.

In the seven days ending October 29, Circle issued approximately 10.9 billion USDC and redeemed approximately 11.7 billion USDC, reducing the circulating supply of USDC by approximately 800 million. Currently, the total circulating supply of USDC is 70 billion, with reserves of approximately $71.4 billion, including approximately $32.9 billion in overnight reverse repurchase agreements, approximately $27.5 billion in Treasury bonds with maturities of less than three months, approximately $10.4 billion in systemically important institution deposits, and approximately $600 million in other bank deposits.