According to official figures, during the week ending November 13, Circle issued approximately 6.4 billion USDC and redeemed approximately 6.3 billion USDC, increasing the circulating supply by approximately 100 million USDC.
The figures show that the total circulating supply is 75.4 billion USDC, with reserves of approximately 75.6 billion USD, including about 9.5 billion USD in cash and about 66.2 billion USD held in the Circle Reserve Fund.
- Week to November 13: 6.4 billion USDC issued, 6.3 billion USDC redeemed — increase of ~100 million USDC.
- Total circulating supply of USDC is 75.4 billion.
- Total reserves ~75.6 billion USD, including ~9.5 billion USD in cash and ~66.2 billion USD in Reserve Fund.
Release and withdrawal details
In the seven days ending November 13, Circle recorded approximately 6.4 billion USDC issuance and approximately 6.3 billion USDC redemptions, resulting in a net increase of approximately 100 million USDC in circulation.
The balance between issuance and redemption reflects a stable short-term trade-off between demand and supply. The net increase of 100 million USDC is relatively small compared to the total supply, suggesting a temporary fluctuation rather than a long-term structural change.
Circulating supply and reserve structure
Total circulating supply is reported to be 75.4 billion USDC, while Circle 's reserves are around 75.6 billion USD, including cash and assets in the Circle Reserve Fund.
The higher reserves than circulating supply reflects a policy of maintaining liquidation and collateral. The structure of reserves—about $9.5 billion in cash and $66.2 billion in the Reserve Fund—shows that the majority of Assets Under Management in reserves.
Implications for the Cryptocurrency Market
A net increase of 100 million USDC in a week may have a small impact on short-term liquidation but is unlikely to change overall confidence in stablecoins across the board.
Weekly issuance/redemption movements are useful information for monitoring short-term cash flows and market demand. Investors and analysts generally XEM these numbers as liquidation indicators, not signs of systemic risk when reserves continue to exceed supply.
Is a net increase of 100 million USDC something to worry about?
No, the 100 million USDC increase over the 75.4 billion supply is small and generally reflects short-term demand, not long-term structural changes.
Are $75.6 billion in reserves enough to back it up?
Reserves greater than circulating supply indicate quantitative backing; the assessment of safety also depends on the quality of the reserve assets.
How does this data affect market liquidation ?
The data shows that short- liquidation is slightly volatile; traders can adjust their strategies based on consecutive issuance/redemption trends.
How to check Circle official figures?
Visit Circle 's whitepaper or reserve dashboard to XEM issuance updates, redemptions, and reserve structure details.
