USDC circulation decreased by about $300 million in the past week, and the total circulation dropped to $34.4 billion

Odaily News According to official data, as of October 24, Circle has issued about $1.7 billion USDC in the past 7 days, redeemed about $2 billion USDC, and reduced the circulation by about $300 million. The total circulation of USDC is $34.4 billion, and the reserve is $34.6 billion, of which about $4.1 billion is in cash, and the Circle Reserve Fund holds about $30.5 billion.