USDC Supply Contracts as Seven-Day Redemptions Exceed New Issuance
USDC redemptions surpassed issuance by about $830 million during Circle’s November 5 transparency window.
USDC redemptions surpassed issuance by about $830 million during Circle’s November 5 transparency window. USDC (USDC) is trading at ₹94.11 ($0.9997). This is an original Token Times brief based on reporting by Live Bitcoin News, with live market data added, as of Sat, 07 Nov 2026 14:45:01 UTC.
The net contraction reflects more USDC being redeemed for underlying assets than Circle issued, directly affecting the stablecoin’s circulating float and available liquidity.
- Circle issued $12.66B of USDC and redeemed $13.49B over seven days.
- Reported net supply change was an $830M contraction.
- Verified current circulating supply is $70.68B, according to DeFiLlama.
- USDC traded near $1 while the total crypto market cap stood at $2.61T.
- USDC Circulation Drops $800M as Redemptions Outpace New Mints
- RLUSD Supply Rises as USDT and USDC Contract
- Coinfomania reports another $250 million USDC issuance
- USDC Supply Contracts as Seven-Day Redemptions Exceed New Issuance — this brief
Live 
Bitcoin News reported that 
USDC circulating supply declined by approximately $830 million during Circle’s November 5 transparency window. Circle issued about $12.66 billion of the stablecoin over seven days while redeeming roughly $13.49 billion, leaving reported circulation near $69.21 billion.
The outlet put total USDC reserves at approximately $70.49 billion. This reserve figure was reported for the transparency window and should not be treated as identical to current circulating supply, which can change as users redeem, receive, transfer, or deploy tokens.
A live cross-check from DeFiLlama showed a higher current USDC circulating supply of $70.68 billion. The difference from the $69.21 billion figure in the story reflects the distinction between the reported window and the later live measurement; the available data does not provide a detailed reconciliation of the gap.
USDC was priced at $0.999698, up 0.02% over 24 hours and down 0.01% over seven days, with a live market capitalization of $70.52 billion. The broader crypto market was flat at $2.61 trillion, Bitcoin was down 0.12% over 24 hours, and the Fear & Greed index stood at 25, labelled Extreme Fear.
Since this brief published about 4 hours ago, USDC (USDC) has moved from ₹94.11$0.9997 to ₹94.11$0.9997 — +0.00%.
The chart plots USDC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 USDC ≈ ₹103.96 (about $0.9997), up 0.0% over 24 hours. The rupee itself trades about 10.5% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 7, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
USDC Supply Contracts as Seven-Day Redemptions Exceed New Is — questions & answers
How much did USDC supply change during the reported window?
Live Bitcoin News reported that redemptions exceeded issuance by about $830 million over seven days, reducing circulation to roughly $69.21 billion.
What is USDC's current circulating supply?
DeFiLlama’s live cross-check put USDC circulating supply at $70.68 billion, above the figure reported for the earlier transparency window.
How was USDC trading as the market remained flat?
USDC traded at $0.999698, gaining 0.02% over 24 hours and losing 0.01% over seven days.
How much is 1 USDC worth in rupee today?
About ₹103.96 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $0.9997. The rupee price moves with both USDC's US-dollar price and the USDT/INR rate; use our USDC in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Live Bitcoin News. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.