USDC's circulating supply decreased by $700 million over the week ending April 23, as Circle issued $5.1 billion and redeemed $5.8 billion in USDC. The total supply now stands at $78 billion. Circle's reserves are approximately $78.2 billion, including $47.2 billion in overnight reverse repurchase agreements on U.S. Treasuries, $19.4 billion in U.S. Treasuries maturing in under three months, $11 billion in deposits at key institutions, and $600 million in other bank deposits.