Data: The circulation of USDC has increased by approximately 300 million in the past 7 days

According to official data, within the 7 days up to October 31st, Circle issued approximately 2.4 billion USDC and redeemed about 2 billion USDC, increasing the circulation by around 300 million.

The total circulation of USDC is about 34.7 billion, with reserves estimated at around $34.9 billion USD, of which cash is approximately $4.3 billion USD and the Circle Reserve Fund holds roughly $30.6 billion USD.