Over the past 7 days, USDC circulation decreased by approximately 500 million.

PANews October 17 news, according to official data, in the 7 days ending October 15, Circle issued approximately 10.9 billion USDC and redeemed approximately 11.4 billion USDC, with circulating supply decreasing by approximately 500 million tokens. The total circulating supply of USDC is 72.5 billion tokens, and reserves are approximately 72.7 billion USD, of which overnight reverse Treasury repurchase agreements are approximately 35.6 billion USD; Treasury securities with maturities of less than 3 months are approximately 25.8 billion USD; deposits with systemically important institutions are approximately 10.6 billion USD; other bank deposits are approximately 600 million USD.