TWIN-Cash

23 Oct 2026 · v1.1 · weekly

Birth. Friday. Circle Mint is the redeem-to-bank rail: institutional, KYB, banking day. Secondary is up all weekend and is not the exit. Transfer is not redeem-to-bank. Next page is next Friday.

Watch → Redemption Open. The book is fine and the Mint is the only door that pays cash.

Circle Mint is the redeem-to-bank rail. Transfer is not redeem-to-bank. Secondary is not the exit.

First Cash page. Weekly. USDC only. Float as-of 19 Oct 2026 (Circle), printed 23 Oct.

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Instrument	Status	Holders	Value	Activity	Condition
USDC	watch	—	$71.9bn	—	Watch → the book is fine and the Mint is the only door that pays cash. A depeg thriller is not the page.

USDC — USDC

Watch → the book is fine and the Mint is the only door that pays cash. A depeg thriller is not the page.

Twin

Dollar deposit at the issuer, against the reserve.

Title

Token = receipt against the reserve. Not a bank deposit. Not a security.

Cash leg

USD via Circle Mint.

Clock

US banking day. Weekend is a Clock event. After this session the Mint is shut until Monday.

Pledge

Not scored. A lending market is not a pledge window.

Exit

Circle Mint for eligible institutions. Secondary is not the exit.

Redemption

Open. Mint live this session. No issuer notice. Free under the published daily amount for eligible institutions. Not instant for a person on a Saturday. Transfer is not redeem-to-bank.

Crowd

One float fact. $71.9bn circulating (Circle, as of 19 Oct). Not a follower count. Not a venue share.

Basis

Par. Versus $1. No depeg stamped.

Source: Circle as of 19 Oct 2026, printed 23 Oct