According to its latest official disclosure, Circle issued approximately 6.4 billion USDC and redeemed roughly 6.3 billion USDC in the week ending November 13, resulting in a 100 million net increase in circulation. The total USDC supply now stands at 75.4 billion, backed by $75.6 billion in reserves. Reserves include $9.5 billion in cash and $66.2 billion held in the Circle Reserve Fund, ensuring the stablecoin’s peg to the U.S. dollar.