USDC circulation increased by approximately 600 million in the past 7 days

According to official data reported by Jinse Finance, in the 7 days ending October 23, Circle issued approximately 6.2 billion USDC and redeemed about 5.6 billion USDC, resulting in a net increase of around 600 million USDC in circulation. The total USDC circulation stands at 76.4 billion, with reserves of about $76.7 billion, including approximately $9.9 billion in cash and $66.7 billion held in the Circle Reserve Fund.