PANews reported on November 1st that, according to official data, in the seven days ending October 30th, Circle issued approximately 5.1 billion USDC and redeemed approximately 5.7 billion USDC, resulting in a decrease of approximately 600 million USDC in circulation. The total circulating supply of USDC is 75.9 billion, with reserves of approximately $76.2 billion, including approximately $9.4 billion in cash and approximately $66.8 billion held by the Circle Reserve Fund.
Data: The circulating supply of USDC has decreased by approximately 600 million coins in the past 7 days.
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