7-day circulating supply decreased by approximately 800 million, USDC total circulating supply reaches 70 billion

Odaily reports: In the 7 days ending October 29, Circle issued approximately 10.9 billion USDC and redeemed approximately 11.7 billion, resulting in a net decrease of approximately 800 million in circulating supply. USDC's total circulating supply is 70 billion, with reserves of approximately $71.4 billion, including approximately $32.9 billion in overnight reverse Treasury repurchase agreements, approximately $27.5 billion in Treasury securities with maturities of less than 3 months, approximately $10.4 billion in deposits at systemically important institutions, and approximately $600 million in other bank deposits.