The circulating supply of Circle (USDC) has decreased by 800 million over the past 7 days, bringing the total circulating supply to 69.2 billion.

In the seven days leading up to November 5th, Circle issued approximately 12.7 billion USDC and redeemed approximately 13.5 billion USDC, resulting in a decrease of approximately 800 million tokens in circulation. The total circulating supply of USDC is 69.2 billion, with reserves of approximately $70.5 billion. This includes approximately $36.6 billion in overnight reverse repurchase agreements, approximately $23.3 billion in Treasury bonds with maturities of less than 3 months, approximately $9.9 billion in systemically important institution deposits, and approximately $800 million in other bank deposits.