USDC Circulation Falls $800M as Redemptions Beat Mints

USDC circulation redemptions outpaced new mints in Circle’s October 29 transparency window. Circle issued about $10.92 billion of USDC over seven days and redeemed about $11.71 billion. Net, that cuts circulation by roughly $790 million, leaving about $69.97 billion of USDC in circulation. Total reserves sit near $71.41 billion. That is the plain read. More USDC left the float than entered it. What USDC Circulation Redemptions Show On Circle’s transparency page , the balances carry an October 29, 2026 date. The seven-day issuance and redemption pair shows the week’s direction most clearly. Redemptions beat mints by about $790 million.

Source: Live Bitcoin News