ChainCatcher news, according to official data, as of November 7, in the past 7 days, Circle issued approximately 3.7 billion USDC, redeemed about 1.6 billion USDC, and the circulation increased by approximately 2.2 billion. The total circulation of USDC is 36.8 billion, with reserves of about 37 billion dollars, of which cash is about 4.9 billion dollars, and the Circle Reserve Fund holds approximately 32.1 billion dollars.

ChainCatcher news, according to official data, in the 7 days ending October 31, Circle issued approximately 2.4 billion USDC, redeemed about 2 billion USDC, and the circulation increased by approximately 300 million.The total circulation of USDC is 34.7 billion, with reserves of about 34.9 billion USD, of which cash is about 4.3 billion USD, and the Circle Reserve Fund holds approximately 30.6 billion USD.

ChainCatcher news, according to official data, in the past 7 days Circle issued a total of 1.3 billion USDC and redeemed 1.4 billion USDC, resulting in a decrease of 100 million in circulation.In addition, the total circulation of USDC is 27.4 billion, with reserves amounting to 27.5 billion, of which 2.7 billion is cash, and the Circle Reserve Fund holds 24.8 billion. (source link)

ChainCatcher news, Circle CFO Jeremy Fox-Geen stated during the company's conference call that the Circle Reserve Fund managed by BlackRock has begun to "increase our direct holdings of U.S. Treasuries," and also mentioned that it will retain repurchase agreements (repo) as part of its reserves.Just last month, Circle adjusted the reserve asset structure of USDC to protect it from potential impacts of a U.S. debt default. CEO Jeremy Allaire stated in early May that the company would not hold Treasuries maturing after the end of this month. As of June, the reserve fund has transferred all assets to third-party repos, involving systemically important banks such as Goldman Sachs, BNP Paribas, Bank of America, and Royal Bank of Canada.According to data from BlackRock's official website, as of June 20, Circle has added $2.2 billion in Treasury bills to the fund, with repos accounting for about 90% of the fund's $24.7 billion in assets. Fox-Geen stated that the company also holds $3.5 billion in bank deposits, of which "the vast majority, over 90%" is held at BNY Mellon. (source link)

ChainCatcher news, the New York Federal Reserve Bank (NY Fed) on Wednesday restricted the counterparty standards for its reverse repurchase agreement (RRP) program, which may prevent USDC stablecoin issuer Circle from obtaining loans from the Federal Reserve.According to a press release from the New York Federal Reserve Bank, funds registered with the Securities and Exchange Commission (SEC) as "2a-7 funds" that are "organized for a single beneficiary" will generally be considered ineligible, and the Circle Reserve Fund appears to fall into this category.Under the new rules, the fund composed of USDC reserves managed by BlackRock for stablecoin issuer Circle "will generally be considered ineligible for the New York Federal Reserve Bank's reverse repurchase program."It is reported that Circle has placed approximately $25 billion in short-term U.S. Treasury reserves into a custom fund managed by BlackRock called the Circle Reserve Fund. According to an earlier press release from Circle and documents submitted to the SEC for the fund, the Circle Reserve Fund is exclusively for Circle's use and is registered as a "2a-7" government money market fund. (source link)

ChainCatcher news, according to Circle's latest proof report, Circle has invested 30% of its USDC reserves (approximately $12.79 billion) in the Circle Reserve Fund managed by BlackRock. This brings the proportion of USDC reserves invested in the Circle Reserve Fund to approximately $28.6 billion, or 65%.It is reported that financial analyst @jp_koning believes Circle is transferring some control over its USDC reserves to an SEC-regulated external entity, which ultimately makes USDC safer. (source link)