According to Circle's official data, over the past 7 days through October 22, USDC circulation decreased by approximately 500 million, with 1.28 billion USDC issued and 1.33 billion redeemed. Total USDC in circulation stands at 72 billion, backed by 72.2 billion in reserves. Reserve composition includes approximately 36.1 billion in overnight reverse repurchase agreements, 25.9 billion in U.S. Treasury securities with maturities under 3 months, 9 billion in deposits at systemically important institutions, and 700 million in other bank deposits.

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