Over the past 7 days, USDC circulation decreased by approximately 800 million.

PANews October 31 news: According to official data, in the 7 days ending October 29, Circle issued approximately 10.9 billion USDC and redeemed approximately 11.7 billion USDC, with circulating supply decreasing by approximately 800 million. The total circulating supply of USDC is 70 billion, and reserves are approximately 71.4 billion USD, of which overnight reverse Treasury repurchase agreements are approximately 32.9 billion USD; Treasury securities with maturities of less than 3 months are approximately 27.5 billion USD; deposits with systemically important institutions are approximately 10.4 billion USD; and other bank deposits are approximately 600 million USD.