According to official data, in the 7 days ending October 31, Circle issued approximately 2.4 billion USDC, redeemed about 2 billion USDC, and the circulating supply increased by approximately 300 million. The total circulating supply of USDC is 34.7 billion, with reserves of about 34.9 billion USD, of which approximately 4.3 billion is cash, and the Circle Reserve Fund holds about 30.6 billion.