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USDC circulation drops by 1.3 billion tokens as Circle redeems more than it issues

Market News
15 Nov 2026, 09:57 WIB
Tokenpost
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USDC circulation drops by 1.3 billion tokens as Circle redeems more than it issues

Circle, the issuer of the USDC stablecoin, saw a net decline of about 1.3 billion USDC tokens in circulation over the week ending November 12, after issuing 10.8 billion tokens and redeeming 12.1 billion. This decrease is larger than the 800 million-token drop recorded in the previous week. Circle's reserves stood at approximately $68.1 billion, mainly held in short-term Treasury securities and reverse repurchase agreements, with a portion in bank deposits. The changes in token circulation and reserve composition reflect ongoing adjustments in the stablecoin market and liquidity management by Circle.

USD Coin (USDC) circulation decreased by about 1.3 billion tokens over the week ending November 12, reflecting ongoing adjustments in the stablecoin market. For readers following the broader cryptocurrency market, here is Pluang's market snapshot as of Nov 15, 2026 14:01 WIB: out of 50 major cryptocurrencies, 4 rose and 45 fell today. Notable movers include Balancer (BAL) up 11.14% to Rp16.297, Basic Attention Token (BAT) down 11.07% to Rp1.714 with 100% buy order activity, and Avalanche (AVAX) down 10.67% to Rp131.739 with 73% sell order activity.

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