Circle Redeemed More USDC Than It Issued in Seven Days
USDC redemptions exceeded issuance by roughly 1.3 billion tokens over Circle’s November 12 transparency window.
USDC redemptions exceeded issuance by roughly 1.3 billion tokens over Circle’s November 12 transparency window. USDC (USDC) is trading at $0.9997. This is an original TLT brief based on reporting by Live Bitcoin News, with live market data added, as of Sun, 15 Nov 2026 20:45:03 UTC.
Net redemptions reduce the available USDC float, making issuance and redemption trends relevant indicators of stablecoin demand and liquidity conditions.
- Circle redeemed about 12.1 billion USDC over seven days
- Issuance totaled about 10.8 billion USDC
- Net float contraction was roughly 1.3 billion tokens
- USDC remained nearly $1 amid extreme market fear
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- Circle Mints $500 Million in USDC on Solana
- Circle, Global Citizen Target USDC Vendor Payments in Rwanda for 2027
- Circle reportedly transfers USDC reserve safeguards to EU regulators
- dYdX Governance Weighs USDC Migration to Circle-Backed Injective
- Circle Redeemed More USDC Than It Issued in Seven Days — this brief
Circle’s transparency data showed that redemptions exceeded issuance during the November 12 seven-day window. Approximately 12.1 billion 
USDC was redeemed, while about 10.8 billion was issued, resulting in a net reduction of roughly 1.3 billion tokens in circulation.
Live 
Bitcoin News reported circulating USDC at approximately 67.9 billion tokens and total reserves near $68.1 billion at the time of the transparency report. The seven-day figures indicate that more of the stablecoin was returned to Circle than was newly distributed through issuance.
Live Bitcoin News is the sole outlet reporting this development. Its circulating-supply figure of 67.9 billion USDC differs from the live DeFiLlama reading of $69.35 billion, which may reflect timing differences between the transparency window and the current verified data rather than a direct contradiction.
USDC traded at $0.999743, up 0.01% over 24 hours and 0.03% over seven days, with a live market capitalization of $69.06 billion. The broader crypto market capitalization stood at $2.26 trillion, while Bitcoin was down 1.51% over 24 hours and the Fear & Greed index registered 10, labeled Extreme Fear.
The development highlights a temporary contraction in USDC supply, but the live pricing shows the token remained close to its $1 reference level despite weakness across the broader crypto market. Whether redemptions continue to exceed issuance will determine whether this reduction in available supply extends beyond the reported seven-day window.
Since this brief published about 10 hours ago, USDC (USDC) has moved from $0.9997 to $0.9997 — -0.01%.
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 TLT'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 ≈ ₦1,414.87 (about $0.9997), up 0.0% over 24 hours. The naira itself trades about 4.7% above the official rate on the P2P market, so a Nigerian 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 15, 2026.
TLT 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.
Circle Redeemed More USDC Than It Issued in Seven Days — questions & answers
How much more USDC did Circle redeem than it issue?
Circle redeemed about 12.1 billion USDC and issued about 10.8 billion, a net difference of roughly 1.3 billion tokens.
What USDC supply figure did Circle report?
Live Bitcoin News reported circulating USDC near 67.9 billion tokens, compared with a live DeFiLlama reading of $69.35 billion.
How was USDC trading during the period?
USDC was priced at $0.999743, up 0.01% over 24 hours and 0.03% over seven days.
How much is 1 USDC worth in naira today?
About ₦1,414.87 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $0.9997. The naira price moves with both USDC's US-dollar price and the USDT/NGN rate; use our USDC in naira page for any amount.
Which outlets reported this story?
This is an original TLT 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 TLT 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.