According to official data, within the 7 days ending on October 31st, Circle issued approximately 2.4 billion USDC and redeemed approximately 2 billion USDC, resulting in a circulation increase of approximately 300 million tokens. The total circulation of USDC is 34.7 billion tokens, with a reserve of approximately 34.9 billion US dollars, of which approximately 4.3 billion US dollars are in cash and the Circle Reserve Fund holds approximately 30.6 billion US dollars.