USDC circulation decreased by about $700 million in the past week, and the total circulation dropped to $35.5 billion

According to official data, as of October 3, Circle has issued about $2.2 billion USDC in the past 7 days, redeemed about $2.9 billion USDC, and reduced the circulation by about $700 million. The total circulation of USDC is $35.5 billion, and the reserve is $35.6 billion, of which about $4.1 billion is in cash, and the Circle Reserve Fund holds about $31.5 billion.