USDC Supply Rises by ~$2B Over Two Weeks as Circle Issues and Redeems Billions

Circle reported active USDC issuance and redemptions across two consecutive weekly reports. In the seven days ending Dec. 4, Circle issued roughly $8.2B and redeemed about $6.2B, producing a net increase of ~$2.0B and leaving USDC circulation near $78.0B with reserves around $78.1B. In the following seven days ending Dec. 11, issuance slowed to ~$5.8B while redemptions were ~$5.3B, yielding a smaller net increase of ~$0.5B and raising circulation to ~$78.5B with reserves of about $78.7B. Reserve composition shifted between reports but remained concentrated in short-term, high-quality instruments: overnight reverse repos/short-term government repo (~$4.6B → ~$49.7B reported across formats), Treasury securities maturing within three months (~$21.6B → ~$18.5B), deposits at systemically important financial institutions (~$9.9B → ~$9.6B), and other bank deposits (~$0.6B → ~$0.9B). The reports are presented as market information, not investment advice. For traders, the data indicate continued high stablecoin flow activity but stable backing levels, suggesting liquidity and redemption risk are being actively managed.