USDC circulation decreased by about $300 million in the past week, and the total circulation dropped to $34.4 billion
By:Cointime
as of October 24th, Circle has issued approximately $1.7 billion USDC and redeemed approximately $2 billion USDC in the past 7 days, resulting in a decrease of approximately $300 million in circulation. The total circulation of USDC is $34.4 billion, with reserves of $34.6 billion, including approximately $4.1 billion in cash and approximately $30.5 billion held by the Circle Reserve Fund.
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