According to official data, in the seven days ending December 11, Circle issued approximately 5.8 billion USDC and redeemed approximately 5.3 billion USDC, increasing the circulating supply by approximately 500 million USDC. The total circulating supply of USDC is 78.5 billion USDC, with reserves of approximately $78.7 billion, including approximately $49.7 billion in overnight reverse repurchase agreements; approximately $18.5 billion in Treasury bonds with maturities of less than three months; approximately $9.6 billion in systemically important institution deposits; and approximately $900 million in other bank deposits.