How much USDC issued this week?

TLDR

USD Coin (USDC) saw about $6.4 billion issued and $6.3 billion redeemed over the seven days ending 13 Nov (UTC), a net increase of roughly $100 million per a PANews summary.

1. USDC circulation is about $75.4 billion, backed by roughly $75.6 billion in reserves per the summary above.
2. The weekly figure is net issuance (mints minus redemptions), not transaction volume.
3. A small net uptick suggests modest demand returning to stablecoins, consistent with recent coverage on supply expansion (AMBCrypto).

Deep Dive

1. Gross Versus Net

Circle minted about $6.4 billion USDC and redeemed around $6.3 billion in the seven days up to 13 Nov (UTC), for a net supply increase near $100 million, per a PANews summary. Gross issuance is total new tokens created; net issuance accounts for tokens redeemed back to fiat and removed from circulation.

2. Circulation And Reserves

Total USDC in circulation sits near $75.4 billion, with reserves around $75.6 billion split between cash and the Circle Reserve Fund, per the update above. Circulation changes week to week as mints and redemptions reflect user demand across chains and venues.

3. Why Weekly Issuance Matters

Stablecoin supply often tracks crypto liquidity and risk appetite. Recent reporting highlights accelerating stablecoin mints across USDT and USDC, pointing to rising on-chain demand and depth (AMBCrypto). A modest positive net issuance this week aligns with that broader trend, though magnitude was small.

Conclusion

USDCs net issuance this week was modest at roughly $100 million (about $6.4 billion minted versus $6.3 billion redeemed) per the summary above. Sustained net minting tends to coincide with improving market liquidity; watch whether weekly net flows stay positive to gauge stablecoin-driven support for broader crypto.