Circle’s Transparency & Stability dashboard put USD Coin (USDC) circulation at $70 billion on Oct. 29, a decline of $800 million over seven days as redemptions topped issuance.
Issuance reached about $10.9 billion, while redemptions totaled $11.7 billion during the same period, the dashboard showed. It listed $71.4 billion in reserves on Oct. 29.
Approximately $32.9 billion of reserves was in overnight reverse Treasury repurchase agreements, and about $27.5 billion was in Treasury securities due within three months. Deposits included roughly $10.4 billion at systemically important institutions and roughly $600 million at other banks.
