According to CoinMeta, in the past 7 days, the circulation of USDC has decreased by 800 million coins, with a total circulation of 69.2 billion coins. As of November 5th, approximately 12.7 billion USDC were issued and about 13.5 billion USDC were redeemed, resulting in a decrease of 800 million coins in circulation. The total circulation of USDC is now 69.2 billion coins, with reserves amounting to around 70.5 billion US dollars. Of this, there are approximately 36.6 billion US dollars in overnight reverse treasury bond repurchases, about 23.3 billion US dollars in treasury bonds with a maturity of less than 3 months, about 9.9 billion US dollars in deposits from systemically important institutions, and about 800 million US dollars in deposits from other banks.