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

As of the 7 days ending October 31, Circle issued approximately 2.4 billion USDC and redeemed about 2 billion USDC, increasing the circulation by about 300 million. The total circulation of USDC is about 34.7 billion, with reserves of approximately $34.9 billion, including around $4.3 billion in cash and an estimated $30.6 billion held in the Circle Reserve Fund.