Data: In the past 7 days, the circulation of USDC has decreased by approximately 800 million, with a total circulation of 70 billion

According to official data, in the 7 days ending October 29, Circle issued approximately 10.9 billion USDC, redeemed about 11.7 billion USDC, and the circulation decreased by approximately 800 million.

The total circulation of USDC is 70 billion, with reserves of about 71.4 billion USD, including overnight reverse repurchase agreements of approximately 32.9 billion USD; government bonds with maturities of less than 3 months of about 27.5 billion USD; deposits from systemically important institutions of about 10.4 billion USD; and other bank deposits of about 600 million USD.